Transnet Acting Chief Executive Officer Mohammed Mohamedy says the R22-billion investment that the company pledged at the second South Africa Investment Summit last week -is in line with key projects contained in the company’s corporate plans.
Transnet will on Thursday be launching the longest production train in the world at their depot in Saldanha Bay on the Cape West Coast.
Transnet has posted a nearly 25% increase in profit for the year ending on 31 March.
The chairperson of Transnet Dr. Popo Molefe says he’s waiting for those who have embarked on a smear campaign to discredit the on-going anti-corruption drive at the state-owned enterprise to put what they’ve been saying to the test.
Former Transnet Electrical Engineer Francis Callard is expected to continue with his testimony when the State Capture Inquiry resumes on Thursday morning in Johannesburg.
Acting Manager of Governance, Risk and Compliance at Transnet, Helen Walsh, says Transnet has so far paid R42 billion for all the locomotive transactions.
Legal representatives of Transnet pensioners will meet with the company’s management and trustees on Monday to discuss a possible settlement related to the annual increases of the pension fund.
An auditor of auditing firm Deloitte will take the stand at the Commission of Inquiry into State Capture on Tuesday to testify about Transnet.
Former Transnet Group Treasurer Mathane Makgatho has told the State Capture Commission in Johannesburg that she resigned from Transnet because she felt the toxic environment at the State Owned Enterprise was beginning to take a toll on her health.
Former group treasurer of Transnet, Mathane Makgato is expected to take the stand on Thursday at the Comission of Inquiry into allegations of State Capture’s hearings in Parktown, Johannesburg.