Among the usual list of farms, residential properties and vehicles that are due to go under the hammer are 13 light-blue Afro4000 locomotives bearing the Passenger Rail Agency of South Africa’s name and logo.
The locomotives are being auctioned on instruction from the liquidators of Swifambo Rail Leasing, the front company that in 2012 clinched a R3.5-billion contract to supply 70 locomotives to Prasa. Swifambo, which merely acted as a middleman in the deal, ordered the locomotives from Spanish manufacturer Vossloh España.Prasa ended up paying Swifambo R2.6-billion, but in turn, received only the 13 Afro4000 diesel-electric locomotives now due to go under the hammer.
However, in 2017 the Johannesburg High Court found that there had been a “criminal” fronting relationship between Swifambo and Vossloh España. The court set aside the “unlawful” contract after Prasa’s newly formed board, at the time led by Popo Molefe, sued Swifambo. This second judgment contained the first legal pronouncement on the issue of the locomotives’ technical suitability.
Swifambo’s liquidators may have to use the proceeds of the upcoming auction to settle the claims of any third-party creditors.
PLMyburgh Impressive stupidity.
PLMyburgh Why not let Ethekweni put them on their auctions reserved for MK veterans!!!
PLMyburgh I'm sure there are thousands of People looking for Locomotives. Should be a busy auction.
PLMyburgh MinistryofTID fortunechasi JbMatiza
'so called tall trains'
Unbelievable PLMyburgh, remember the abuse you suffered when you broke this story? Four years later, no arrests MontanaLucky prasa
Waha ha Fokitdisdof
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Source: SABC News Online - 🏆 32. / 51 Read more »