SA in court over deal collapse

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SOUTH AFRICA - The government and Transnet have been told they could face a R8bn (US$1.1bn) legal battle over 75 million shares held in the shipping company's ailing pension scheme.

Businessman and leader of the Umthunzi Telecoms Consortium, Sandile Zungu, launched the lawsuit following the collapse of a deal to buy the shares at a rate agreed with the government. The 80 mi...

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