Transnet board found 'horror show' when it took over, says Popo Molefe | IOL News

Johannesburg - Transnet board chairman Popo Molefe says when Transnet's new board took over last year, it found a company in a state of paralysis and a horror show of corruption and a culture of fear.

“We go further to say that the situation of disregard for systems and rules suggests that there is a state of paralysis that has set in. The way in which money was syphoned off and nothing being done to stop it could be described in what I call a horror show, a movie or a theatre and the managers of this corruption were the protagonists,” Molefe said.

“There were logistic companies and one which had a big metre warehouse and there was no lease agreement between them and Transnet and Transnet was not getting money into its accounts. There were others there who were running events management companies. The management including the then-chief executive Mr Siyabonga Gama pretended that they did not know that the land is occupied illegally,” Molefe said.

The board chair also detailed how the board was often starved of information and it took time for it to be able to start peeling off the layers which revealed widespread corruption.

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