Transnet will receive R94.8 billion from Transport Department over next 5 years to help manage mounting debt
The Department said the additional guarantees will cushion the impact of recent credit rating downgrades, to mitigate risks and ensure Transnet can meet its debt obligations.
Transnet cargo train. Picture: Supplied/Transnet
JOHANNESBURG - Transnet will receive R94.8 billion in financial support from the Transport Department over the next five years to help manage its mounting debt.
The Department said the additional guarantees will cushion the impact of recent credit rating downgrades, to mitigate risks and ensure Transnet can meet its debt obligations.
This latest support follows a R51 billion guarantee approved earlier this year by Transport Minister Barbara Creecy and Finance Minister Enoch Godongwana.
Department spokesperson Collen Msibi said the new allocation will help stabilise the entity's financial position.
“On the 12th of June 2025, the Minister of Transport, Ms. Barbara Creecy, announced government has initiated a process to allocate additional guarantees to Transnet. As a result, government has, on 25 July 2025, approved an additional R48.6 billion guarantee for Transnet to ensure that all debt redemptions will be covered over the next five years. “