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The State Capture Commission has been zeroing in on dodgy contracts at Transnet, under the guidance of Brian Molefe as CEO

He's told the state capture commission that he believed a new contractor would have to develop new models or use McKinsey's existing ones.

Former Transnet chief executive Brian Molefe has given evidence before the commission of inquiry into State Capture Former Transnet CEO Brian Molefe says he was not aware that the payments that Regiments Capital derived from Transnet contracts flowed into companies used by the Guptas to launder money. There’s more to this story Subscribe to News24 and get access to our exclusive journalism and features today. Subscribe

LIVE FEED: State capture inquiry - March 10, 2021 By IOL Reporter Share Durban - Former Transnet CEO Brian Molefe is once again under the glare of the State Capture Commission where he has taken the stand for the third day. On Tuesday, he blamed Transnet CFO Anoj Singh for parastatal’s decision to pay Regiments Capital more than double the fee it was contractually owed for providing financial advice on the freight company’s 1,064 locomotive acquisition programme. His testimony at the State Capture Commission on Tuesday firmly put Singh in the crosshairs. In April 2014, Molefe approved a ...

Former Transnet group chief executive Brian Molefe has conceded that a Gupta-linked company, Regiments Capital, might have laundered millions in cash from Transnet to shell companies owned by businessman Salim Essa.