Transnet former execs awarded contracts without board or management consultation | IOL News

Johannesburg - Acting Transnet CEO Mohammed Mahomedy has detailed how former Transnet executives disregarded procurement procedures to award contracts worth millions of rand.

Mahomedy said they found irregularities regarding procurement practices in a number of contracts. The infamous China South Railway contract to supply over a thousand locomotives, contracts involving Gupta-linked Regiments Capital and Trillian Capital, the Neotel deal and the Durban relocation deal were just some of the contracts which were reviewed.

“The agreement with China South Rail, this agreement was recommended to the then minister of public enterprises. It was a submission that was made directly to the board of directors. As far as we have checked, we have not seen any evidence of it surfacing at any other level of management or board committee meeting. It was presented to the board of directors and submitted to the minister for approval,” Mahomedy said.

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