International investors in SA rail sector threaten to disinvest

[John Ashworth]

International investors in SA rail sector threaten to disinvest

International investors in the rail sector in South Africa have threatened to disinvest from the country because of “the mess” at the Passenger Rail Agency of South Africa (Prasa). Transport Minister Fikile Mbalula said on Friday that captains of industry in the rails sector have raised issues with him and told him “we are closing shop”. “We are packing up and going – and these are top companies, international investors threatening to leave. Why? Because Prasa is just a mess,” he said on the sidelines of a briefing on the state of transport entities in Johannesburg...