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S.Africa’s Transnet to recapitalise Zimbabwe rail firm
8:51 CAT | 10 Aug 2017
File photo / National Railways of Zimbabwe (NRZ) trains
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.
Source: Reuters
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