R11bn accounting adjustment saves Transnet from another annual loss | Fin24 - News24

A revaluation of investment properties brought billions onto Transnet's income statement, helping it to swing back into profit in the past financial year.

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.… [+267 chars]

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