Transnet’s office move was seemingly a way to bailout broke Group Five — Molefe | News | National | M&G

confirmed on Tuesday that the board of the state-owned entity is investigating the decision to move its headquarters from the Carlton Centre in Johannesburg’s central business district to Waterfall City.

Molefe revealed that he will be reviewing a preliminary investigation report into the matter in the next few days. “Some of the strange things that have happened and the questions that I’ve asked management was how could it be so coincidental that Waterfall corner, the building you want, is occupied by Group Five … Is this not a bailout of some kind?” Molefe said on Tuesday.

As a result, when there are meetings of Transnet’s executive committee, “members of management, in the top executive team, don’t have a place to park”.And there are many more similar ones,” Molefe told the commission.

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