South Africa’s embattled state-owned logistics giant, Transnet, is facing severe financial difficulties, but its CEO, Michelle Phillips, says a government bailout is only a last resort. Instead, the company is looking to its customers for funding solutions before considering another loan or financial rescue package. Transnet’s Ongoing Financial Struggles Transnet, which operates South Africa’s rail, … Continue reading Transnet CEO: Bailout Still an Option as Company Seeks Customer Funding