Transnet executive spills the beans on electric locomotive deal

A TRANSNET executive on Wednesday told the commission of inquiry into state capture that it took him by complete surprise that the entity bought 100 locomotives while busy negotiating a deal to source 1064.

”At that point it took me by complete surprise because we were involved in 1064 negotiations. I’m wondering why do we need an extra 100 locomotives but in any case he said it was approved by the board, we need an extra 100 locomotives, it’s been confined to CSR,” Laher recalled Singh informing him. During negotiations, Jiyane pitched Transnet’s offer at R38.5m but CSR disagreed and demanded a price of R49m.

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