Transnet Wasted Billions on Trains, South Africa Probe Finds

Photo of Transnet Wasted Billions on Trains, South Africa Probe Finds
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A rail mounted gantry crane, manufactured by Terex Corp., lifts a shipping container on the dockside at the Port of Durban, operated by Transnet SOC Holdings Ltd.'s Ports Authority, in Durban, South Africa, on Friday, May 25, 2018. Transnet last year reduced its seven-year capital-investment plan by 17 percent to 229.2 billion rand in response to lower-than-anticipated freight demand. Photographer: Waldo Swiegers/Bloomberg

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