Budget 2023: Two images illustrate the disaster called Transnet

Another of the ANC’s ‘Developmental State’ fantasies which lies in tatters is its monopoly over the country’s rail and ports infrastructure. Over the past five years, more than a quarter of long-distance freight traffic has shifted off State-owned Transnet to roads, a trend which is accelerating.

The images below supplied by the National Treasury speak more than 1 000 words…

Read more:

• Budget 2023: The Executive Summary
• In Full: SA Finance Minister Enoch Godongwana’s 2023 Budget Speech
• Budget 2023: Greylisting – An update on this week’s big FATF decision
• Budget 2023: Commodity Boom delivers R300bn windfall for SA taxpayers