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S.Africa's Transnet to recapitalise Zimbabwe rail firm
August 10, 2017 / 6:33 AM / a month ago

S.Africa's Transnet to recapitalise Zimbabwe rail firm

HARARE, Aug 10 (Reuters) - 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. (Reporting by MacDonald Dzirutwe; editing by Jason Neely)

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