State capture inquiry hears Transnet execs could keep tenders secret

Judge Raymond Zondo, the chair of the state capture inquiry, expressed surprise on Friday when he heard that top executives at state-owned freight rail company Transnet could choose to keep tenders secret up until they were awarded.Peter Volmink, Transnet's executive head of governance, testified that when a Transnet contract was classified as confidential it could bypass much of the usual oversight process.

"It's quite a strange thing in a state-owned entity – somebody who says there are certain contracts which will be regarded as confidential, but we are not saying which ones. What are the criteria for confidentiality? asked Zondo."[The contracts] could entail a lot of taxpayers money.""This concern is not an abstract academic concern, it is rooted in the real experiences of the organisation. It created huge risk for the organisation at the time.

He said the company's current board had removed the power to classify tenders as confidential, which had originated from the company's previous board. In response to questions by Zondo, Volmink said that once a tender was awarded, the confidentiality lapsed, as a request for proposal had to be sent to the successful bidder."It's very strange," said Zondo.

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.

Brian Molefe, Siyabonga Gama and Anoj Singh 'architects of state capture' at TransnetStateCaptureInquiry | Brian Molefe, Siyabonga Gama and Anoj Singh 'architects of state capture' at Transnet
Source: TimesLIVE - 🏆 28. / 59 Read more »

Brian Molefe, Siyabonga Gama and Anoj Singh 'architects of state capture' at TransnetStateCaptureInquiry | Brian Molefe, Siyabonga Gama and Anoj Singh 'architects of state capture' at Transnet
Source: TimesLIVE - 🏆 28. / 59 Read more »

Former Transnet CEO Tau Morwe expected to be implicated at state capture inquiryTransnet’s governance executive manager Peter Volmink is expected to testify at the state capture commission of inquiry days after board chair Popo Molefe laid bare the level of corruption which gripped the state-owned company. Wow
Source: ewnupdates - 🏆 30. / 53 Read more »

State capture inquiry switches focus to TransnetThe state capture commission is set to continue Monday morning but will deal with matters related to Transnet.
Source: ewnupdates - 🏆 30. / 53 Read more »

WATCH LIVE | Transnet in focus at state capture inquiryWATCH LIVE | No witnesses are expected to take the StateCaptureInquiry stand, however Transnet chairperson Popo Molefe may still appear before the inquiry on Monday.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Transnet exec in state capture inquiry hot seatPeter Stephen Volmink explained how the tender procurement process works at the state-owned enterprise.
Source: eNCA - 🏆 49. / 51 Read more »

LIVESTREAM: Transnet executive continues testimony on state captureExecutive manager Peter Volmink testified that Transnet leaders broke rules to cut deals. AND WHAT DID HE DO ABOUT IT ? HE COULD HAVE RESIGNED ? …… SPOKE TO MEDIA ETC. ?
Source: eNCA - 🏆 49. / 51 Read more »

LIVESTREAM: Transnet on the stand at state capture inquiryTransnet has been marred by corruption allegations involving billions of rand.
Source: eNCA - 🏆 49. / 51 Read more »

State capture inquiry gears up to probe ex-Transnet CEO Brian Molefe's appointmentThe circumstances around the 2011 appointment of former Transnet CEO Brian Molefe will be probed by the judicial commission of inquiry into state capture over the next two weeks. Fin24 We are busy with Elections we are not obsessed with State Capture Fin24 Who got arrested ? Or are you only reporting to help the ANC brush its crimes under the table Fin24 Broken record 🤞.
Source: News24 - 🏆 4. / 80 Read more »

WATCH LIVE | Transnet chair Popo Molefe in hot seat at state capture inquiryWATCH LIVE | Transnet chairperson Popo Molefe is expected to take the StateCaptureInquiry stand today.
Source: TimesLIVE - 🏆 28. / 59 Read more »

Transnet procurement process an 'aberration', state capture inquiry hearsTop executives were able to sign off on massive tenders and contracts with little oversight, the inquiry has heard. Fin24 You probably meant 'abhorrent'.
Source: News24 - 🏆 4. / 80 Read more »