Transnet squarely to blame for Kumba’s poor Q4 performance

The costs of state-run logistics company Transnet’s meltdown are mounting. Kumba Iron Ore, a unit of Anglo American, said on Thursday 02 February 2023 that its sales in the fourth quarter (Q4) of 2022 fell 35% compared with the same period the year before, largely because Transnet is not up to task. Kumba said in…...

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Victor Mulangisi