Shenanigans at Transnet go under the microscope at Zondo commission

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StateCaptureInquiry | 'The extent of the alleged corruption there runs into billions of rands.'

Allegations of procurement irregularities, fraud, corruption and the deliberate weakening of governance structures at Transnet will come under scrutiny at the inquiry into state capture.The state capture inquiry will from Monday turn its focus on to embattled state-owned company Transnet when it delves into allegations of procurement irregularities, fraud, corruption and the deliberate weakening of governance structures.

The first phase would include 13 witnesses and cover a range of forensic investigations, including those conducted by Mncedisi Ndlovu and Sedumedi Attorneys and Werksmans. Werksmans found that Transnet had squandered billions of rands and broke a host of regulations when it altered the terms of a deal to buy 1,064 new locomotives from a Chinese consortium.

 

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