Transnet execs changed locomotive business case to favour Guptas'

  • 📰 TimesLIVE
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 59%

South Africa Headlines News

StateCaptureInquiry | 'I developed a business case for the 100 locomotives for the coal export line. It was unilaterally changed by Transnet group executives to favour CSR.'

"I developed a business case for the 100 locomotives for the coal export line. It was unilaterally changed by Transnet group executives to favour CSR. The changes and implications were material and I submit that the representation made to the [acquisitions committee] was misleading in certain respects," Callard told the commission.

Callard's business case, signed off by Transnet executives in October 2013, made provision for the purchase of 100"19e-type" electric locomotives and 60 diesel locomotives to add to the capacity at Transnet's coal lines. The business case was signed off by executives like Siyabonga Gama, Garry Pita, Mahommed Mahomedy and Anoj Singh.

That business case recommended a confinement to Mitsui. This was predicated on the compatibility with the existing 110 locomotives Transnet had already purchased from the company to service its coal lines. "It addressed the urgency, the limited numbers of suppliers, and that the goods and services are highly specialised and largely identical to the previous locomotives purchased from Mitsui. The confinement meant the quickest delivery, making use of existing facilities," Callard said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm sure Peter Bruce has an explanation

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 28. in ZA

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.

One grumble in 100 years: City to probe mosque 'noise complaint' after RamadaanA single noise complaint centring around the Muslim call to prayer, which has been made from Zeenatul Islam Masjid in District Six for the past 100 years, will be investigated after the holy month of Ramadaan. TammyPetersen87 Can CityofCT please investigate the noise levels created by Property Developers in the city first. The noise is constant and unbearable!! TammyPetersen87 The Aathaan is not noise pollution. Suggest CoC asks the complainant to rescind their “complaint” and pretend this never happened. I’m sure they didn’t expect this kind of attention. Imagine what will happen once their identity is revealed. TammyPetersen87 Practicing a religion should be embraced. Why complain! Those who dont like the 'noise' can move.
Source: News24 - 🏆 4. / 80 Read more »

More than 100 people arrested for various offences in Cape TownOfficers also impounded 14 minibus and 68 sedan taxis during operations along Nelson Mandela Boulevard.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

LIVE BLOG: ANC 100% satisfied with results, says MagashuleEWN - South African news: access breaking news alerts, sport, business, entertainment, opinion, multimedia and cartoons. Eyewitness News – INSIDE THE TRUTH
Source: ewnupdates - 🏆 30. / 53 Read more »

Zimbabwe sells 100 elephants to China, DubaiZimbabwe has sold nearly 100 elephants to China and Dubai for a total price of $2.7-million over six years. edmnangagwa What are you doing...? Zimbabwe is a disgrace This is heartbreaking :( I wonder where the money from the sales will go. Even if it’s to the people who desperately need it (which I doubt), it feels like a sacred covenant is being broken. We’re writing karma cheques that the entire body of humans can’t cash :(
Source: eNCA - 🏆 49. / 51 Read more »

Zimbabwe earns foreign currency boost from sale of nearly 100 elephants to ChinaZimbabwe has boosted its foreign currency reserves after the country sold nearly 100 elephants to China. But Zimbabwe was it really that bad ? We all know Chinese need these elephants to kill them 🥺🥺 Captured country , we know what is going to happen to those poor animals Your citizens will be the next thing sold into slavery
Source: News24 - 🏆 4. / 80 Read more »

Apple’s former retail chief Angela Ahrendts joins Airbnb boardAhrendts has been consistently named a Top 100 Global Executive in rankings by Forbes and Fortune Wait. Angela left Apple? 😢😢😢
Source: BDliveSA - 🏆 12. / 63 Read more »

Documents 'deliberately' altered to award locomotive contract to China South Rail, Zondo inquiry hearsFormer Transnet executives had amended a business case to procure 100 locomotives so that it would favour China South Rail in tender processes, the state capture commission of inquiry heard.
Source: News24 - 🏆 4. / 80 Read more »

Eminem and Jay-Z are now tied for the rapper with third-most hits in history but nowhere near the top of the listEminem was recently featured on Logic's new track 'Homicide' and the success of the song has landed Slim Shady back on the 'Billboard' Hot 100.
Source: Channel24 - 🏆 48. / 51 Read more »

Zimbabwe sold elephants to China and Dubai for over R38m | IOL NewsZimbabwe has sold nearly 100 elephants to China and Dubai for a total price of $2.7 million (about R38 million) over six years, the country’s wildlife agency said, citing overpopulation. The Chinese upgraded from donkey pricks....
Source: IOL - 🏆 46. / 51 Read more »

There’s a green new deal in Melville | Opinion | M&GTHE FIFTH COLUMN: 'It’s fine to possess a reasonable amount, we knew — though not what a reasonable amount would be. A joint? Three joints? A bankie?'
Source: mailandguardian - 🏆 2. / 92 Read more »

Indians vote in penultimate phase of seven-round general electionMore than 100 million people are eligible to vote in the sixth phase of the 39-day-long poll
Source: BDliveSA - 🏆 12. / 63 Read more »