Page 2 - Transnet Board News Today

The Investigating Directorate says the summary acquittal of all the accused in its first-ever state capture trial – the R24.9 million Nulane fraud and money-laundering case – amounts to a 'miscarriage of justice' that must be appealed.

Iqbal Sharma, Seipati Dhlamini, Limakatso Moorosi and Peter Thabethe in the Free State High Court. Image by Gallo

The National Prosecuting Authority's (NPA) first State Capture trial has ended in humiliation – with a judge finding that all the accused should be summarily acquitted because of the lack of evidence against them.

The lawyer representing Dinesh Patel, an accused in the Gupta-linked Nulane Investments case, said he would be demonstrating a "wholly irregular process" by police officers in relation to a search-and-seizure operation at the offices of one of the State's witnesses. On Wednesday, the Bloemfontein High Court heard testimony from the Free State head of agriculture, Takisi Masiteng, who was appointed in that position in 2020.

The Minerals Council South Africa welcomed the government’s intervention on Eskom’s debt and the financial encouragement to stimulate businesses building renewable energy projects by offering generous tax incentives as outlined in the 2023 Budget Speech. The Minerals Council believes there should be further support from the government in implementing the solutions being developed in the Transnet and Minerals Council Board Recovery Steering Committee to stabilise Transnet’s rail...

The Minerals Council South Africa welcomes the interventions into removing obstacles curtailing mineral exploration, mining and exports that President Cyril Ramaphosa outlined in his presidential address atMining Indaba 2023.

South Africa’s mineral production hit a new record of R1.18-trillion in 2022 despite continued logistical constraints at Transnet, says mining industry lobby group Minerals Council South Africa.

However, industry is concerned about worsening constraints in rail and port logistics and load shedding.

The lawyer representing Dinesh Patel, an accused in the Gupta-linked Nulane Investments case, said he would be demonstrating a 'wholly irregular process' by police officers in relation to a search-and-seizure operation at the offices of one of the State's witnesses.

The government official who motivated for the appointment of Gupta-linked Nulane Investments to conduct an allegedly fraudulent R24.9 million feasibility study has turned State's witness.