Transnet's Losses Widen Due to Lawsuits and Cable Thefts

Transnet, the South African transportation company, has reported significant losses attributed to a range of factors, including lawsuits and cable thefts. The company recorded a net loss of 1.3 billion rand (approximately $70 million) for the last financial year, reflecting a more than 50% increase compared to the previous year's losses of around 800 million rand.

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