Transnet secures $753m for renewables & infrastructure fix

From the newsletter

South Africa’s state-owned freight and logistics company Transnet has secured $753 million in loan funding for its renewable energy transition and critical infrastructure upgrades. The European Investment Bank provided a $405 million loan supported by a $21 million EU grant, while France’s development agency contributed a further $348 million.

• South Africa’s ports and freight system have suffered years of underinvestment, with inefficiencies costing the economy an estimated $20 billion in lost export revenue since 2022. 

• The new green-aligned investments are intended to stabilise the system, reduce diesel use and help Transnet meet increasing pressure from exporters for more reliable services.

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