Transnet swung back into profit in the financial year ended in March thanks to a fair value adjustment of its investment properties, which added over R11 billion to the parastatal's income statement.
The state-owned freight and logistics company on Wednesday posted a profit of R5 billion for the period, recovering from a loss of R8.7 billion in 2021. The difference is more than R13.7 billion, but revenues increased by only R1.18 billion in the year under review.