Zimbabwe has cancelled a deal struck with South African logistics group Transnet and its partner to recapitalise State-owned National Railways of Zimbabwe (NRZ), citing a failure to meet timelines and funding issues, a government official said. The joint venture of Transnet and Diaspora Infrastructure Development Group (DIDG), a consortium of Zimbabwean investors living abroad, won the bid to recapitalise the financially struggling NRZ with $400-million in August 2017.
