JOHANNESBURG – State-owned freight and rail company, Transnet said on Tuesday that its contractor, CMI Emtateni Joint Venture, had terminated its R4.2 billion contract for a megaproject to create deeper berths at the Durban Container Terminal .
Allegations in O'Sullivan and Sarah-Jane Trent's report centred around issues of fraud, BEE fronting and collusion between the Transnet employees and suppliers. CMI Emtateni Joint Venture comprises of an Italian construction company, CMC di Ravenna and CMI Infrastructures, with former Greytown mayor Philani Mavundla's CMI Infrastructures as a BEE partner.
Transnet said the "stop all the works" instruction was to afford it time and space to conduct its own internal forensic investigation into the allegations.
Source: News Formal (newsformal.com)
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