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S Africa's Transnet to recapitalise Zimbabwe rail firm

Ersin Çelik
09:49 - 10/08/2017 Thursday
Update: 09:52 - 10/08/2017 Thursday
REUTERS
File photo
File photo

South African logistics group Transnet has won a bid to recapitalise the government-owned National Railways of Zimbabwe (NRZ) with $400 million, the company's board chairman said on Thursday.

Larry Mavhima said the financially struggling NRZ will begin contract negotiations with Transnet next week.

#South Africa
#Transnet
#NRZ
7 years ago