Transnet to recapitalise Zimbabwe state rail firm
Posted: 14 Aug 2017, 08:07
This makes more sense
I had wondered how a Transnet, which operates on borrowed capital, and now has a junk bond rating, was going to find a spare US$400 mil, to prop up a failed fellow parastatal
https://www.businesslive.co.za/bd/compa ... il-revamp/
The sad thing is that Zimbabwe will have lost the opportunity to declare rail open access, and open up the rail market to private operators and competition