How senior execs were empowered to blow billions at Transnet

Transnet Executive Manager: Governance Peter Volmink is pictured as he gives testimony to the Commission of Inquiry into State Capture in Parktown, 09 May 2019. Picture: Refilwe Modise

This, according to Transnet’s executive manager for governance Peter Volmink, led to the state-owned enterprise being made into “a cash cow” by preferred suppliers with links to the top management. “I have no doubt in my mind that the policies gave open discretion and powers to individuals rather than the bid adjudication council.

“Pressure from above referred to bullying of subordinates by senior executives who brought undue pressure on those carrying out the procurement function to do things that were wrong – which should be a dismissible offence.

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