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.
The Zondo Commission of Inquiry has heard of how Gupta-linked consulting firm Regiment Capital unduly benefited from multiple transactions with Transnet.
Springs will be home to the biggest inland port and logistics gateway terminal in Gauteng.
Multipurpose Business Solution’s Jonathan Bloom says the decision taken by Transnet officials to do an interest rate swap three days after securing an R12-billion loan from a consortium of banks was not in line with the company’s risk management policy.
The State Capture inquiry has heard of more irregular payments by Transnet.