Commercial News from Africa

Key commercial and political activity in Africa for private equity investors by DCE Partners, UK Private Equity advisors to Atta. 

South Africa's state-owned logistics company awards R300 billion train contract

Transnet has awarded a R300 billion (US$28 billion) contract to supply over 1,000 trains as part of a significant expansion plan. The government entity is in the midst of a 7-year plan to allocate the capital before 2019 in order to expand the railways, ports and pipelines that move commodities for export from South Africa. The contract has been awarded to General Electric, Bombardier, CSR Corp. and China CNR Corp.