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Nedbank Capital has provided the financing for the purchase of diesel locomotives by Transnet.
Nedbank Capital is to provide financing to South African transport operator Transnet to finance the purchase of 47 diesel locomotives.
The bank acted as mandated lead arrangers and sole lender to provide an 863 million rand ($106 million) loan to the government-owned company on a 10-year term.
The trains are being purchased from General Electric South Africa Technologies, a subsidiary of the US-based...