Transportation
South African Court Ends $425 Million Rail Pact in Anti-Graft Push
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A South African court set aside an 8 billion-rand ($425 million) contract between the state rail operator and a company that’s now a unit of Wabtec Corp. for 233 diesel locomotives, part of a long-running crackdown against corruption in government institutions.
The Gauteng High Court’s decision comes seven years after President Cyril Ramaphosa first referred claims of graft at logistics company Transnet SOC Holdings Ltd. for investigation, with the firm and the Special Investigating Unit — a government agency that probes state corruption — calling the judgment “momentous” in a joint statement Wednesday.