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The ship was loaded with about 400 000 litres of oil that has already been removed and taxpayers will face a huge bill of about R40 million to refloat the ship and remove it from the beachfront.
According to an article published in Business Day, the maritime authority has accepted a tender from Amandla Iron, an Indian scrap company, to buy the vessel for scrap. It will pay US$422 000.
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