Inquiry hears Molefe violated regulations in Transnet locomotive contract | IOL News

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StateCaptureInquiry hears Molefe violated regulations in Transnet locomotive contract

Johannesburg - Former Transnet CEO Brian Molefe has remained a key player in the irregularities exposed at the Zondo commission with investigators reporting that he violated regulations in approving the price of the tender of a locomotive which saw the price increase from R38,9 billion to R54 billion.

Sedumedi explained how Transnet’s tender to procure over a thousand locomotives ballooned from about R38 billion to R54 billion. Transnet had issued a tender in 2011 and called for bidders. MNS found that from the very beginning Chinese railway manufacturer China South Rail received preferential treatment. He demonstrated this finding by explaining a series of emails between former Transnet group chief executive Brian Molefe and a representative from China South Rail.

 

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