Locomotive procurement memo altered to favour China South Rail, Zondo hears | IOL News

  • 📰 IOL
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

South Africa Headlines News

South Africa Latest News,South Africa Headlines

Locomotive procurement memo altered to favour China South Rail, Zondo hears

Johannesburg - A former Transnet engineer has told the Zondo commission that changes were made by Transnet executives to a contract specification memorandum for the procurement of 100 locomotives which resulted in a Chinese company being unfairly favoured.

He said his recommendations for Mitsui & Co was that the company already supplied Transnet and would be able to provide the locomotives with specific requirements with urgency. He said he could not say with certainty who had made changes to the business case, but he suspected former Transnet CFO, and head of group procurement at the time, Garry Pita had made the amendments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Documents 'deliberately' altered to award locomotive contract to China South Rail, Zondo inquiry hearsFormer Transnet executives had amended a business case to procure 100 locomotives so that it would favour China South Rail in tender processes, the state capture commission of inquiry heard.
Source: News24 - 🏆 4. / 80 Read more »

Brian Molefe picked 'unsuitable' China South Rail locomotives for contractThe commission of inquiry into state capture heard from previous witnesses how Gupta-linked companies received significant so-called success fees for sealing Transnet's deal with China South Rail. Lmao maybe you should stop trying to do something environmentally unstable oh poor Brian the people just dont get it when you are buying for an SOE its not about whether said purchase can do the job or not and is suitable or not , its about who pays the biggest kickbacks , Net nogge blêddie skelm cadre!
Source: ewnupdates - 🏆 30. / 53 Read more »

Mahomedy: Transnet's R300m penalty payment to China South Rail was avoidableActing group chief executive Mohammed Mahomedy has testified about an irregular contract with the Chinese company for hundreds of locomotives, which escalated from R38 billion to R49 billion.
Source: ewnupdates - 🏆 30. / 53 Read more »

#StateCaptureInquiry: Mahomedy tackles locomotive costs, interest rate swaps | IOL NewsStateCaptureInquiry: Transnet acting group chief executive told the commission about three contracts with China South Rail that were entered into over various periods to supply locomotives to the state-owned freight operator.
Source: IOL - 🏆 46. / 51 Read more »

Transnet ‘went off track’ to sweeten Chinese dealTransnet jumped through hoops, broke the law and astronomically inflated prices just to secure a Chinese locomotive company a sweet R25bn deal – a transaction facilitated by the Guptas and their cronies at the state-owned entity. Somebody must be charged now. Hope the Hawks and the NPA are listening. I don't see anything wrong. China is our BRICS partner. As long as the west are not benefiting I'm happy.
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Transnet execs changed locomotive business case to favour Guptas'StateCaptureInquiry | 'I developed a business case for the 100 locomotives for the coal export line. It was unilaterally changed by Transnet group executives to favour CSR.' I'm sure Peter Bruce has an explanation
Source: TimesLIVE - 🏆 28. / 59 Read more »

Asian audiences are lapping up local theatre productionsSouth African musical and stage performers are big in Japan. And China, South Korea, Singapore and the Philippines The PACT 1960s era actors were spectacular, all South Africans. SAGT South Africa's Got Talent AGT BGT
Source: SundayTimesZA - 🏆 47. / 51 Read more »

African swine fever to cut China pork output at least 10%, warns UNUN Food and Agriculture Organisation says production will fall about 10% in 2019 and create an opportunity for global pork producers
Source: BDliveSA - 🏆 12. / 63 Read more »

Tense future for US-China ties, with or without trade dealThe United States faces a growing challenge to its lone superpower status from a Communist-ruled China whose global influence, military might and high-tech capabilities are rapidly rising.
Source: ewnupdates - 🏆 30. / 53 Read more »

Business Maverick: Trump Warns China to Act on U.S. Trade Deal or Face Worse TermsPresident Donald Trump said it would be wise for China to “act now” to finish a trade deal with the U.S., warning that “far worse” terms would be on offer for them after what he predicted would be his certain re-election in 2020.
Source: dailymaverick - 🏆 3. / 84 Read more »

Election results could boost the rand if US-China trade war does not escalateElection results could boost the rand if US-China trade war does not escalate 🔒
Source: BDliveSA - 🏆 12. / 63 Read more »