LIVE FEED: #StateCaptureInquiry May 28, 2019 | IOL News

On Tuesday morning the commission will hear from Tshiamo Sedumedi from MNS Attorneys. He told the commission that a consultancy company called Homix was paid million for brokering a deal between Neotel and Transnet yet it was never involved.

Van der Westhuizen had earlier explained that Transnet had sold its IT network system to Neotel years prior. Transnet executives had begun to grow concerned about not owning its networks and made the decision to buy back the assets. He explained that Neotel had the upper hand during negotiations as Transnet needed the systems for its operations. Transnet had also awarded a contract for management of its IT systems to a different company and this would have placed it at a vulnerable position since the network ownership was under Neotel. Van der Westhuizen had described the negotiations between the two companies as “tough”, but an agreement was reached with Transnet paying over R300 million.

Homix billed Neotel R36 million of the payment it received from Transnet a day after an agreement was signed between Neotel and Transnet.

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