Mohammed mahomedy
Transnet blames mining sector, weak economy for drop in commodity volumes moved
The state-owned company has blamed the fall on the contraction in the mining sector and the weak economy among other reasons.
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Transnet learning to build credibility with SA & lenders, says acting CEO
Transnet acting CEO Mahommed Mahomedy told reporters at the company’s results announcement in Midrand that the company’s 'reasonable' set of results pointed to a growth in the credibility of the organisation.
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Transnet credits revenue improvement on petroleum volumes
The entity reported a 1.6% revenue increase amounting to R74.1 billion.
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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.
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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.
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‘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.
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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.
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WATCH LIVE: Mahomedy continues detailing capture of Transnet
Transnet's acting CEO Mohammed Mahomedy continues with his testimony at the state capture commission of inquiry where he is detailing how the parastatal was captured by Gupta-linked executives and firms.
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Transnet acting CEO to detail hijacking of parastatal at Zondo Inquiry
Board chair Popo Molefe set the scene a week ago where he implicated several former executives in executing a sophisticated heist which siphoned hundreds of millions of rand out of the company.
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Transnet warns its R8bn irregular expenditure could balloon as it reviews deals
Transnet’s acting CFO Mohammed Mahomedy says that the parastatal is reviewing thousands of contracts as it tries to get to the bottom of the deep-rooted corruption in the company.
