Latest news with #AfricanRailIndustryAssociation
eNCA
2 days ago
- Business
- eNCA
Association warns against cancelling Prasa contracts
JOHANNESBURG - It's one of the most expensive transport blunders in recent South African history. Prasa has spent R2,5-billion refurbishing trains - yet many of those trains remain unused or discarded. Now, as the agency considers cancelling the contracts, legal experts are warning of the potential legal and financial consequences. Mesela Nhlapo, CEO of the African Rail Industry Association, says she fears the devastating impact on the rail sector and the economy.
eNCA
3 days ago
- Business
- eNCA
R7.5bn spent as trains remain unused
JOHANNESBURG - It's one of the biggest financial missteps in South Africa's recent transport history. The Passenger Rail Agency of South Africa spent R2.5 billion on refurbishing trains, but many of them remain unused, sitting idle or discarded. READ: PRASA calls for property developers to take up spaces near stations Now, as PRASA considers cancelling the contracts tied to this R7.5 billion project top legal experts are warning: it may not be that simple. Terminating these deals could open the door to massive legal and financial consequences. Mesela Nhlapo, CEO of the African Rail Industry Association, helps us unpack the implications for the rail sector, public funds, and the future of commuter rail in South Africa.
