Ramos upbeat about Transnet turnaround

RAY SMUTS
TRANSNET MAY be up to its neck in financial quicksand but CEO Maria Ramos believes financiers will be easily sourced given that the parastatal is “potentially” a very good undertaking.
She told the Cape Town Press Club last week that cabinet approval for sorting out Transnet’s balance sheet and infrastructural investment of R37 billion within five years translated to disposing of non-core activities, including a substantial interest in the Mother City’s Victoria and Alfred waterfront development - said to be South Africa’s hottest tourist attraction.
Ramos expressed confidence Transnet would, within the given time frame, be turned into an efficient cornerstone for economic development by focusing on core activities including ports and rail freight carriage.