Row rect Shape Decorative svg added to bottom Enabling working capital support for essential logistics infrastructure Absa | Corporate and Investment Banking > Insights and Events > Enabling working capital support for essential logistics infrastructure SHARE South Africa’s logistics system plays an important role in enabling trade and the movement of goods. As the owner and operator of significant rail, port and pipeline infrastructure, Transnet continues to focus on operational recovery and network priorities. Transnet SOC Ltd was granted a government guaranteed facility to support working capital requirements and liquidity management. For Transnet, this provides additional headroom to manage near-term obligations while maintaining focus on network maintenance, rehabilitation and operational recovery. Absa participated through a Money Market Loan and a Guarantee facility top-up through its Trade and Working Capital capability. This participation reflects Absa’s role in providing capital support aligned to the client’s working capital needs and the broader importance of resilient transport and logistics infrastructure. We are invested in your story and invite you to write it with us. For more information contact: Thato Masenya Bankie Sebothoma https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Absa supports V&A Waterfront’s sustainable growth ambitions Absa Corporate and Investment Banking has supported the V&A Waterfront’s next phase of development through a R2.25 billion syndicated financing facility. Read more DEALS Absa supports Safaricom Ethiopia’s next phase of growth and digital transformation A tailored financing solution enabling network expansion, digital infrastructure investment and greater financial inclusion across Ethiopia. Read more DEALS Strengthening market access through funding diversification Lewis Group has returned to the public bond market after 13 years, raising R1.1 billion through a senior unsecured bond auction. Read more
