The African Rail Industry Association (ARIA) says State-owned freight utility Transnet’s reluctance to implement structural reforms is costing the economy and South Africa’s international reputation dearly, especially if it continues to disguise its true financial state.
ARIA CEO Mesela Nhlapo told journalists during a media briefing held on November 15 that Transnet had no intention to reform unless the law compels it to and that it is trying to “trade itself out of a massive disaster”.