Transnet loan tumult wobbles shaky South Africa sentiment
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Transnet loan tumult wobbles shaky South Africa sentiment

South Africa money and lion

Transnet is relying on the goodwill of its banks after an extraordinary auditing process at the infrastructure company triggered a document clause allowing creditors to accelerate a loan payment. The tricky situation for the South African state-owned company comes at a time when the country is rebuilding its reputation in markets after a painful year.

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