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Former Transnet CEO Brian Molefe

Brian Molefe failed to get go-ahead for massive Transnet locomotive price hike, inquiry hears 

By: News24Wire      29th May 2019 Transnet's former CEO Brian Molefe did not seek required approval from the minister of public enterprises when the price for the acquisition of 1... 

 Inquiry hears of 'improper engagement' between Transnet and China South Rail

Inquiry hears of 'improper engagement' between Transnet and China South Rail

By: News24Wire      28th May 2019 There was "improper engagement" between Transnet and locomotive manufacturer China South Rail before the awarding of controversial tenders for the... 

Complainants in the dark about probe into Transnet's R647m payment

Complainants in the dark about probe into Transnet's R647m payment

By: News24Wire      24th May 2019 More than a year has passed without the Hawks updating complainants about their progress in investigating a suspicious R647-million payment made by... 

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 Inquiry hears Transnet fleet now worse off than before billion rand acquisitions

Inquiry hears Transnet fleet now worse off than before billion rand acquisitions

By: News24Wire      23rd May 2019 The performance of Transnet's fleet of locomotives is now worse than it was in 2014 when the acquisition of 1 064 new locomotives was initiated,... 

McKinsey 'lost the plot' in business case for Transnet locomotives, inquiry hears

McKinsey 'lost the plot' in business case for Transnet locomotives, inquiry hears

By: News24Wire      20th May 2019 Global consulting firm McKinsey & Co did not fully understand its mandate when it was brought in to strengthen the business case for Transnet to... 

 China South Rail contract for 100 locomotives was 'flawed', inquiry hears

China South Rail contract for 100 locomotives was 'flawed', inquiry hears

By: News24Wire      20th May 2019 The procurement of 100 locomotives from China South Rail was flawed and resulted in excessive costs to Transnet, the State capture inquiry heard.... 

 Documents 'deliberately' altered to award locomotive contract to China South Rail, Zondo inquiry hears

Documents 'deliberately' altered to award locomotive contract to China South Rail, Zondo inquiry hears 

By: News24Wire      17th May 2019 Former Transnet executives amended a business case to procure 100 locomotives so that it would favour China South Rail in tender processes, the... 

Transnet acting group CEO Mohammed Mahomedy

Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission

By: African News Agency      16th May 2019 Transnet acting group chief executive Mohammed Mahomedy continued his testimony at the Zondo commission of inquiry into State capture on Thursday,... 

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