News24 Business | Court sets aside Transnet's R8bn locomotive contract with US giant

News24 Business | Court sets aside Transnet's R8bn locomotive contract with US giant

A South African court set aside an R8 billion contract between the state rail operator and a company that's now a unit of US giant Wabtec for 233 diesel locomotives, part of a long-running crackdown against corruption in government institutions.

High court sets aside R8bn contract for 233 diesel locomotives

The Special Investigating Unit and Transnet have welcomed the Pretoria high court judgment setting aside the 2014 contract between Transnet and Wabtec South Africa Technologies for the procurement of 233 diesel locomotives worth R8bn.

High Court sets aside Transnet’s R8bn contract with Wabtec

The High Court of South Africa, Gauteng Division, has sets aside Transnet’s R8bn 2014 Locomotive contract with Wabtec.