South Africa signs a $5.8B deal for new passenger trains from French company Alstom SA

South Africa has accepted a $5.8 billion deal with French company Alstom SA to refurbish the nation's passenger trains.

The deal is one of the largest ever signed by South Africa's government since the end of the apartheid era.

The Passenger Rail Agency of South Africa announced the deal Wednesday.

Officials with Alstom SA in Paris could not be immediately reached for comment.