State-owned freight logistics group Transnet reported a loss of R8.4-billion for the year to March 31, 2021, and also received an audit qualification for the period relating to its ongoing irregular-expenditure problem. The loss, which is the first to be reported by the group for more than a decade, was attributed largely to the lockdowns introduced by the South African government at the start of the Covid-19 pandemic, which severely knocked business activity.
from Engineering News | Home https://ift.tt/3mtg3rq
