PRASA refurb deal: YNF Engineering received R970m amid corruption allegations, legal threats
- PRASA's R7.5 billion general overhaul contract aims to restore train services across South Africa's economic nodes, particularly in Gauteng, KwaZulu-Natal, and the Western Cape, where the rail network has deteriorated significantly since 2018.
- YNF Engineering, one of seven contractors on the project, received R970 million or more than 40% of the R4 billion spent to date, making it the largest beneficiary of the contract expenditure.
- A draft Weber Wentzel law firm report cited in the investigation alleges YNF officials engaged in corruption, bribery of PRASA employees, invoicing for work not completed, and fraudulent practices to secure preferential contract treatment.
“You are not going to write any story about this. I'm going to sue you if you're going to lie about us, lie about our business which going to cost us revenue.”