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Transnet interdicts Satawu’s planned ports shutdown

30 May 2019, 6:46 AM

Transnet has interdicted an expected shutdown by the South African Transport and Allied Workers Union.

Testimonies on Transnet to continue at State Capture inquiry

30 May 2019, 6:38 AM

The Commission of Inquiry into allegations of State Capture is expected to hear the testimony of Thobani Mnyandu of MNS Attorneys when proceedings resume in Parktown, Johannesburg on Thursday.

Transnet rail

Transnet still under spotlight at State Capture Inquiry

28 May 2019, 7:41 AM

The Commission of Inquiry into allegations of State Capture is expected to hear the testimony of Tshiamo Sedumedi on behalf of MNS attorneys when proceeding resume on Tuesday morning in Parktown, Johannesburg.

More evidence of pro-Gupta contract decisions against former Transnet CEO Molefe

27 May 2019, 7:59 PM

Former Transnet employee, Gerhard van der Westhuizen said Brian Molefe circumvented Procurement processes when he awarded Transnet’s master service contract to a company linked to Gupta-family associate, Salim Issa.

Deputy Chief Justice Zondo

Former Transnet employee to take stand at Zondo Commission

27 May 2019, 10:30 AM

 The Commission of inquiry into allegations of state capture is expected to hear the testimony of Former Transnet employee, Gerhard van der Westhuizen in Parktown, Johannesburg on Monday. 

“Hawks failed to take action on improper payment of R674 million by Transnet”

24 May 2019, 1:06 PM

China North Rail minority shareholder, Roberto Gonsalves, says the Hawks have failed to take action against the reported improper payment of R674 million by Transnet to China North Rail (CNR), under the guidance of a dormant advisory company named BEX which was acting on behalf of CNR.

Francis Callard

Wrong foreign exchange rate led to Transnet cost escalation: Callard

20 May 2019, 8:44 PM

Former Transnet electrical engineer, Francis Callard, has told the Commission of Inquiry into State Capture that the wrong foreign exchange rate was used to justify a cost increase in the acquisition of 100 locomotives from Gupta-linked China South Rail.

Francis Callard

State capture hears of suspicious alterations to locomotive proposal at Transnet

17 May 2019, 7:33 PM

Former electrical engineer at Transnet, Francis Callard, has told the commission that former Transnet executive, Siyabonga Gama allegedly altered a proposal for the acquisition of 100 locomotives to favour China South Rail.

Mohammed Mahomedy

Transnet paid additional R300m to Nedbank to service debt: Acting CEO

16 May 2019, 5:59 PM

Acting Transnet CEO, Mohammed Mohamedy, has told the Zondo commission of how an interest rate swap with Nedbank meant that the parastatal would pay an additional R300 million a year to services it’s debt.

Two companies were paid despite not having contracts with Transnet: Mahomedy

16 May 2019, 12:45 PM

Transnet’s Acting Group Chief Executive Officer Mohammed Mahomedy says Regiments Capital and Trillian were paid R220 million and R93 million respectively in upfront commission for loans obtained by Transnet from a consortium of banks.

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