Transnet says some of its Gupta-deal Chinese locomotives have stood idle for 6 years | Business Insider

  • 📰 BISouthAfrica
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Transnet says some of its Gupta-deal Chinese locomotives have stood idle for 6 years.

Business Insider SAA Cape Government Railways locomotive that was deliberately derailed during a labour dispute in the then-colony, circa 1870.

The reasons they have been sitting idle include"derailments, accidents, incidents of vandalism", with parts stolen in some case, and the inability to source spare parts. The state-owned China Railway Rolling Stock Corporation , which sold Transnet the locomotives, has withheld both spare parts and such intellectual property from Transnet.later evidence suggested would see billions of rands channeled to fronts for the Gupta family

But that fell apart because CRRC could not reach a deal with the Reserve Bank and SA Revenue Service around the proceeds of the deal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in CA

Canada Canada Latest News, Canada Canada Headlines