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Transnet keeps a lid on debt levels

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Johannesburg – State-Owned Enterprise (SOE) Transnet is keeping a lid on its debt levels, while embarking on an infrastructure investment programme.

According to the group’s interim results announcement at the head office on Monday, Transnet has repaid R17.2bn of debt during the six months ending in September 2016.

Its gearing ratio is at 43.8%, “comfortably below” the group’s target range of 50%.

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