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Losses on Joburg-Durban freight corridor bigger than state capture - Francois Nortjé

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Transnet has sent an SOS to the government about the freight chaos on the Jo'burg-Durban corridor, urgently calling for action to combat sabotage and cable theft. Francois Nortjé, Director of Distribution Junxion at the Port of Gauteng and a prominent advocate for rail issues, emphasizsd that this chaos has persisted for 22 months He told Biznews that the recent problems are not unprecedented, and there remains a lack of effective legislation to address the prohibition of copper exports. In an interview with Linda van Tilburg of Biznews, Nortjé estimated that Transnet's losses due to these issues amounted to R30-35 billion, surpassing the impact of state capture. Learn more about your ad choices. Visit megaphone.fm/adchoices
6 Jun 2023 10AM English South Africa Investing · Business News

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