Omissions in Transnet locomotive deal 'deliberate misrepresentation'
Francis Callard was testifying at the state capture commission of inquiry on Monday about the procurement of 1,064 locomotives from China South Rail.
Zondo Inquiry told CSR did not meet requirements for Transnet tender
Former Transnet electrical engineer Francis Callard on Monday testified at the state capture commission of inquiry about the irregular procurement of 100 locomotives from China South Rail for the coal line.
WATCH LIVE: Ex-Transnet engineer details South China Rail locomotive purchases
Francis Callard last week set out in technical detail why the China South Rail locomotives were not the ideal option for Transnet which needed trains to operate on the coal network.
Transnet advised to sue Nedbank over higher interest rates – report
The parastatal’s acting group chief executive testified about how the terms of loans worth about R23 billion were changed, against the advice of junior Treasury officials.
Appointment of anti-corruption unit head step towards ending impunity - NPA
The Presidency announced on Friday that the advocate had been appointed as the Investigating Directorate for a term of five years.
'Transnet officials changed documents to award locomotive deal to CSR'
Transnet’s former strategy manager Francis Callard made the revelation during his testimony to the Zondo commission.
Hermione Cronje to head up Investigative Directorate within NDPP
President Ramaphosa told Parliament in February that he planned to establish the unit in order to deal with the high number of cases emanating from state capture investigations.
Brian Molefe picked 'unsuitable' China South Rail locomotives for contract
The commission of inquiry into state capture heard from previous witnesses how Gupta-linked companies received significant so-called success fees for sealing Transnet's deal with China South Rail.
Arthur Fraser: Review panel's report on SSA tantamount to treason
Former State Security Agency Director-General Arthur Fraser warned President Cyril Ramaphosa that he considered the report to be the biggest subversion of security in the country.
Zondo ‘horrified’ over abuse of taxpayers’ money at Transnet
Chief Justice Raymond Zondo was responding to evidence by the parastatal’s acting group chief executive, Mohammed Mahomedy, who wrapped up his testimony at the state capture commission of inquiry on Thursday.
Transnet captured using sophisticated financial vehicles, CEO tells inquiry
Transnet acting group chief executive Mohammed Mahomedy spent two days describing numerous instances where procedures were flouted in order to benefit a handful of companies which were paid hundreds of millions of rands.
Transnet was manipulated to benefit key individuals, Zondo inquiry hears
Transnet acting group chief executive Mohammed Mahomedy described how the company incurred R1.4 billion in interest rate fees, so a Gupta-linked company could earn more than R200 million in service fees.
‘Interests of Transnet, public coffers sacrificed to benefit Regiments’
Acting Transnet group chief executive Mohammed Mahomedy has testified about how the Gupta-linked consultancy firm was conflicted in its role, but this was never flagged at the parastatal.
Mahomedy: Regiments scored on commissions in Transnet's interest rate swap
Acting group chief executive Mohammed Mahomedy has testified about how the terms of loans worth about R23-billion were changed, against the advice of junior treasury officials.
Mahomedy: Transnet's R300m penalty payment to China South Rail was avoidable
Acting group chief executive Mohammed Mahomedy has testified about an irregular contract with the Chinese company for hundreds of locomotives, which escalated from R38 billion to R49 billion.
CEO: Transnet paid millions to consultancies for services it could do internally
Acting group chief executive Mohammed Mohamedy said that Gupta-linked companies Regiments and Trillian were contracted to secure loans for Transnet.
‘Trillian paid millions for work that could’ve been done by Transnet’
The state capture commission of inquiry also heard how a Transnet contract with Regiments Capital, with an R9 million cap on it, ballooned to nearly R300 million.
Several large Transnet tenders awarded irregularly, CEO tells Zondo Inquiry
Acting group chief executive Mohammed Mahomedy made the claims during his testimony at the public hearings in Parktown.