State-owned freight logistics group Transnet reports that there has been a recovery in some of its operations since the easing of lockdown restrictions and is increasing tending towards an “optimistic” recovery scenario for many of its units – a scenario that assumes a ramp-up to full operations by January 2021 and a revenue reduction of R6-billion for the financial year. The scenario was one of three outlined by CEO Portia Derby during a presentation to lawmakers in early May, with the other two labelled as ‘realistic’ and ‘pessimistic’ and representing revenue reductions of greater than R14-billion for the year.
