Railwaysafrica.com – Railways Africa
In implementing its multi-million Rand rolling stock renewal programme, the Passenger Rail Agency of South Africa (Prasa) has set aside 33% for the benefit of empowerment companies. Entities interested in participating were invited to a “compulsory” meeting on 1 November. Failure to attend disqualified any further potential participants. National Empowerment Fund (NEF) general counsel Mzi Dayimani told The Sowetan that the fund would most likely provide about 30% of each empowerment company’s equity contribution.