Analysis: On the wrong track – Transnet's rail freight reform
Transnet’s rail reform proposal is on the right track, but in its current form it ...
TNT Post UK is taking Royal Mail to court, claiming that the majority of its business should not be benefiting from a 20% VAT exemption. Royal Mail will publish its IPO prospectus in the next few weeks – which is likely to list the court case as a risk to the privatisation. TNT’s UK chief, Nick Wells, said: “Having a privatised Royal Mail with a 20% VAT advantage is simply not fair. We expect a favourable decision to come out of this process and expect that to be towards the end of 2015 and early 2016.”
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