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Singh battles to explain why some transactions were made which benefitted Essa Testifying at the state capture commission on Thursday, former Transnet CFO Anoj Singh said that he could not explain why he signed an addendum that saw consultancy firm Trillian inherit Regiments' stake of a McKinsey contract. A screengrab of former Eskom CFO Anoj Singh appearing at the state capture inquiry on 22 April 2021. Picture: SABC/YouTube 2 days ago JOHANNESBURG - Former Transnet CFO Anoj Singh has battled to explain w...

Gallo Former Transnet chief financial officer (CFO) Anoj Singh returned to the hot seat at the State Capture Inquiry to answer questions on his relationship with Gupta-linked businessman Salim Essa, in relation to the state-owned freight and logistics group. The Thursday morning session focused on the procurement of the 1 064 locomotive, which Transnet undertook with McKinsey & Company, with Regiments Capital being brought along as transaction advisors and a supply development partner, respectively. On Tuesday, Transnet issued a statement in which it announced that McK...

Anoj Singh said he was not party to the knowledge that Regiments Capital, owned by Salim Essa, had links to a Gupta-linked alleged money laundering firm called Albertine.

McKinsey to repay R870m to Transnet within a week The funds will be paid over on May 31 PREMIUM By Lisa Steyn - 26 May 2021 McKinsey & Co, one of the world’s biggest consultancy houses, which was caught up in state capture allegations, will pay back R870m in fees and interest earned on shady contracts at Transnet within the coming five days, it said on Tuesday... This article is reserved for DispatchLIVE subscribers. Get access to ALL DispatchLIVE content from only R45.00 per month. Already subscribed? Simply sign in below. Already registered on HeraldLIVE, BusinessLIVE,...

The firm said it would pay back all fees earned from irregular contracts with the rail agency and Eskom with interest.