August 20, 2018 / 10:43 AM / 3 months ago

South Africa's Transnet annual revenue up 11 percent as coal exports rise

JOHANNESBURG, Aug 20 (Reuters) - South Africa’s state logistics firm Transnet said on Monday revenue for the full-year ending March 2018 rose 11.3 percent to 72.9 billion rand ($5 billion), boosted by increased volumes of export coal and container volumes.

Transnet said in a statement that coal export volumes it transported by rail for the financial year rose 4.3 percent to 77 million tonnes. ($1 = 14.6363 rand) (Reporting by Tanisha Heiberg Editing by James Macharia)

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