Zimbabwe cancels funding deal for struggling railways - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Once the preferred mode of transport for Zimbabweans, the southern African country's rail network has mirrored its economic decline.On Thursday, the government announced that it is canceling a deal to recapitalise the financially struggling state-owned National Railways of Zimbabwe , to the tune of $400 million.

But a government official said several deadlines to provide proof of funding had been missed and that differences had emerged between consortium partners, leading DIDG to present a funding structure that excluded Transnet.

Because there is no room for kickbacks.

Bullied by China to cancel the deal already.

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