State capture inquiry to hear more on the undoing of Transnet

More testimony on how the abuse of power and neglect of fiduciary duty by former Transnet executives compromised the state-owned enterprise’s governance systems will dominate when the Commission of Inquiry into State Capture resumes today.

Went out of their way to assist China South Rail in its bid to appoint the company to supply 95 locomotives, which compromised the integrity of procurement processes, with Molefe communicating with CSR during the bidding. The Transnet board approved confinement to CSR on January 24, 2014, before receiving a proposal from it.

The report reads: “CSR was irregularly appointed in that it should have been disqualified for receiving bid documents unlawfully.

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