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As the government continues to privatise the state-owned entities partially, Transnet has refused to disclose the value of the acquisition deal between it and Manila-headquartered International Container Terminal Services (ICTSI).
In July, Transnet selected ICTSI as the preferred bidder for a joint venture to develop and upgrade the flagship Durban Container Terminal Pier 2.
Responding to questions from the Falcons, the state-owned entity refused to disclose the value