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According to a forensic report, Transnet would have saved R1.2 billion if it procured 100 locomotives at the price of R3.188 billion form a different company.
Transnet ‘forgot’ to get approval for R15.6bn locomotive price increase Molefe Seeletsa Former Transnet CEO Brian Molefe. Picture: Gallo Images It was revealed that Transnet failed to report the increase in the cost of the locomotives to the Minister of Public Enterprises. Former Transnet group CEO Brian Molefe has conceded the freight company had forgotten to request approval...
Former Transnet CEO Brian Molefe is expected to continue with his Transnet-related testimony at the state capture inquiry on Tuesday.
Former Transnet boss Brian Molefe told the state capture inquiry on Tuesday he did not know that half of a R78m payment he approved for Regiments Capital would end up in the possession of Gupta foot soldier Salim Essa.
LIVE FEED: State capture inquiry - March 9, 2021 Share Former Transnet group chief executive Brian Molefe returns to the Zondo Commission for a second day of testimony related to allegations of corruption during his tenure at the state freight agency. Molefe faces an uphill battle to dispel allegations of his knowledge of how Gupta-linked businessman Salim Essa used shell companies to launder millions of cash from the Transnet while he was in charge between February 2011 until April 2015. Yesterday, after being presented with a Money Flow report compiled by the commission’s investigators, h...