I don't see anything wrong. China is our BRICS partner. As long as the west are not benefiting I'm happy.
Somebody must be charged now. Hope the Hawks and the NPA are listening.
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Transnet broke all rules to give a R25bn deal to a Chinese companyTransnet jumped through hoops, broke the law and astronomically inflated prices just to secure a Chinese locomotive company a sweet R25bn deal - a transaction facilitated by the Guptas and their cronies at the state-owned entity. When will at least ONE of these fuckers be brought to book. When? Only because there is a R2. 25 billion kickback.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Transnet agreements bypassed managers and ‘went straight to the board for approval’Transnet acting group CEO Mohammed Mahomedy says key role-players acted against the interests of the state-owned enterprise
Source: BDliveSA - 🏆 12. / 63 Read more »
State capture: Transnet agreements 'went straight to the board for approval, bypassing managers'Transnet acting group chief executive officer Mohammed Mahomedy told the state capture inquiry on Wednesday that key roleplayers at the state-owned company and certain companies 'acted ... to the detriment of Transnet's best interests'.
Source: TimesLIVE - 🏆 28. / 59 Read more »
DAYS OF ZONDO: Brian Molefe and Anoj Singh were warned against tainted Transnet funding dealDespite having capable in-house expertise, Transnet bosses opted to swing the multi-billion-rand cash-raising deal for its 1,064 locomotives to the Gupta-linked financial advisory firms — at a huge cost.
Source: dailymaverick - 🏆 3. / 84 Read more »
City of Joburg, big companies say no to Eskom and go off the gridAnglo Platinum, Sibanye-Stillwater, Makro and the City of Johannesburg are all loosening their ties to Eskom.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
WATCH LIVE: Mahomedy continues detailing capture of TransnetTransnet's acting CEO Mohammed Mahomedy continues with his testimony at the state capture commission of inquiry where he is detailing how the parastatal was captured by Gupta-linked executives and firms.
Source: ewnupdates - 🏆 30. / 53 Read more »
Nedbank pockets R780m from TransnetThe banking sector will be rocked by allegations of corruption this week, when Transnet tells the commission of inquiry into state capture about Nedbank’s involvement in a controversial deal which saw the bank pocket R780 million
Source: City_Press - 🏆 7. / 72 Read more »
How Brian Molefe created ‘fake emergencies’ at Transnet to fill McKinsey and CSR’s coffersThe Zondo commission on Friday heard how the former rail boss allegedly twisted the rules, which saw some staff 'bullied' into playing along.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
CEO: Transnet paid millions to consultancies for services it could do internallyActing group chief executive Mohammed Mohamedy said that Gupta-linked companies Regiments and Trillian were contracted to secure loans for Transnet. There must be a policy to contract other SOE’s instead of going to the private sector.
Source: ewnupdates - 🏆 30. / 53 Read more »
Transnet execs allegedly bent the law, Zondo Commission hearsTransnet execs allegedly bent the law, Zondo Commission hears eNCA
Source: eNCA - 🏆 49. / 51 Read more »
WATCH LIVE: Transnet exec details tender transgressionsTransnet’s governance executive manager Peter Volmink is testifying at the state capture commission of inquiry.
Source: ewnupdates - 🏆 30. / 53 Read more »