Liquidator: Prasa can get ‘some’ of R2.6bn it paid Swifambo for trains

Liquidator: Prasa can get ‘some’ of R2.6bn it paid Swifambo for trains
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But he said the liquidators were negotiating a deal that would benefit the state-owned company for up to R1.5 billion.

A screenshot of Swifambo Rail director Auswell Mashaba. Image: Genghis Capital Limited / YouTube.

JOHANNESBURG – The liquidator of the Tshwane trust company, Hannes Muller, said he could not guarantee that South African Passenger Train Agency (Prasa) You wouldn’t have to pay more money to get the 70 locomotives you wanted when you paid Swifambo Rail.

But he said that the liquidators were negotiating a deal that would benefit the state-owned company …

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