Days of Zondo Newsflash: Transnet’s acting chief, Mohammed Mahomedy dishes the dirt on dodgy contracts By Jessica Bezuidenhout JessBezJourn
Transnet acting group chief executive Mohammed Mahomedy is currently testifying at the Zondo Commission to a series of suspect dealings around several controversial contracts under investigation by the State Capture Commission.
which appears to have enjoyed several special favours. The Commission previously heard testimony about how CSR had paid up to 21% of invoices billed to Transnet to a suspicious Gupta-linked company called Homix;
another Gupta-linked company, auditing firm, Nkonki
Mahomedy told the Commission that a high-level review of these deals was done once the new Board arrived in May last year and was largely triggered by media reports around corruption at Transnet.
The 1,064 locomotive deal is by far one of the biggest deals done to date in South Africa since 1994 but the deal has been marred by allegations of corruption after it went from an initial price of R38-billion to R54-billion.
Molefe’s memo for Board approval also went through after Transnet had entered into contracts for the locomotives, he said.
There was discomfort from McKinsey around the time frame of the proposed negotiations which did not make any sense in view of the magnitude of the deal (one of the biggest in the world then), Mahomedy said.
In other words, there was no contract to “cede” to Regiments, he said.Read more: Daily Maverick
WATCH LIVE: Transnet head details capture of parastatal Transnet acting group chief executive Mohammed Mahomedy is testifying at the Zondo Commission.
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DAYS OF ZONDO: Johan Booysen confirms the nightmare reign of Berning Ntlemeza Ex-Hawks head Berning Ntlemeza seized control of key posts, hijack the promotion system and seemingly scream and shout or belittle staff he believed had contact with either his 'enemies'. The 'nightmare' reign of Ntlemeza via the dailymaverick:
LIVE FEED: #StateCaptureInquiry May 15, 2019 | IOL News The Zondo commission will on Wednesday morning hear from Transnet acting group chief executive officer Mohammed Mahomedy.
Transnet execs allegedly bent the law, Zondo Commission hears Transnet execs allegedly bent the law, Zondo Commission hears eNCA
Zondo commission hears how emergency procedures used for big tenders Transnet executive Peter Volmink told the commission that in some cases certain bidders were given the green light for big tenders without meeting the required criteria.
Another Transnet executive to take the stand at State Capture Inquiry - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader. The Zondo Commission probing allegations of state capture will resume on Thursday in Parktown, Johannesburg. sabcnews Transnet ZondoCommission StateCapture
LIVESTREAM: Transnet acting CEO testifies at Zondo Commission Acting Transnet CEO Mohammed Mahomedy is in the hot seat.
Transnet acting CEO to detail hijacking of parastatal at Zondo Inquiry Board chair Popo Molefe set the scene a week ago where he implicated several former executives in executing a sophisticated heist which siphoned hundreds of millions of rand out of the company. What time?
WATCH LIVE | Transnet acting CEO in the hot seat at Zondo commission Up next in the hot seat at the state capture inquiry is Transnet's group acting chief executive officer, Mohammed Mahomedy.
WATCH LIVE: Transnet CEO testifies at Zondo commission Mohammed Mahomedy is expected to reveal all he knows about the powerful individuals and companies that benefited from state capture.