Transnet
McKinsey director agrees blatant bribes paid in acquisition of SAA contract
McKinsey director Jean-Christophe Mieszala is trying to convince the commission that it did not know that its partner, Regiments, was corrupt.
The commission has reached an undertaking with McKinsey to pay back up to R650 million in fees it was paid by Transnet and the South African Airways (SAA).
The state capture commission said that discussions were initiated with the consultancy company and there had been agreement.
Former Eskom board chair Ben Ngubane is back at the commission on Tuesday morning, answering questions about the Tegeta R1.6 billion guarantee that didn’t get board approval.
The state capture commission has asked him about invoices from his and brother’s companies to regiments for actuarial and risk management and supplying liquor.
Deputy Chief Justice Raymond Zondo initially said Phetolo Ramosebudi did not comply with his instructions to furnish the commission with a full affidavit.
Former Transnet group treasurer Phetolo Ramosebudi takes the stand at the state capture inquiry.
The arrest was conducted while police officers and rangers, stationed at Nahoon Beach, conducted patrols on Friday.
The logistics firm has posted a 1.3% increase in revenue for the 2020 financial year from R74 billion to R75.1 billion.
Siyabonga Mahlangu has told the state capture commission that he was not involved in the decision to reinstate Siybonga Gama as CEO of Trasnet.
Siyabonga Mahlangu testified at the state capture commission of inquiry on Friday.
Former electrical engineer Francis Callard earlier told the commission that Yousuf Laher was responsible for a R1 billion increase in the 100 locomotives contract in 201 and he instructed him to draft a memorandum for the increase.
Transnet finance executive Yousuf Laher on Wednesday Laher took the stand at the commission to mainly respond after he was implicated by former electrical engineer Francis Callard.
Transnet’s Diedre Strydom and former managing director of rail at Hatch, Henk Bester, said the pair wielded a lot of power and were not shy to use it.
The commission has been hearing damning testimony this week about what happened at Transnet.
Hatch Global project manager Henk Bester said that the company was due to be awarded a rail expansion, but it was held to ransom by a memorandum of understanding brought by the joint venture.
Henk Bester said Nailan Padayachee and Dave Reddy were demanding to be included in the supplier development component of the project that had been launched by then-President Jacob Zuma.
Mafika Mkhwanazi concluded his testimony at the commission on Monday largely agreeing that decisions the board made were irrational.
Former Transnet board chair Mafika Mkhwanazi on Monday said that when he negotiated and agreed to pay Siyabonga Gama's settlement, he didn't know how much it would cost Transnet.