South Africa: Resolution Needed On Locomotives Impasse To Curb Transnet’s Rising Debt
The Standing Committee on Public Accounts (SCOPA) has expressed concern over the ongoing dispute between Transnet and Chinese locomotive supplier CRRC E-Loco, which is significantly impacting Transnet’s financial stability. During a recent meeting with the Minister of Transport, Ms Barbara Creecy, and Transnet executives, SCOPA discussed Transnet’s 2023/24 audit outcomes, where Transnet received an unqualified…