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Ramaphosa announces measures to improve South Africa’s ports
President Cyril Ramaphosa visited Cape Town on 22 June 2021 where he announced the establishment of the National Ports Authority as an independent, wholly owned subsidiary of Transnet. Ramaphosa said this was a necessary step towards turning around and improving the ports in the country. It was also announced that Transnet will be investing R100 billion over the next five years towards upgrading the port system.
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Ramaphosa announces establishment of Transnet National Ports Authority
This will mean the establishment of an independent National Ports Authority as a wholly owned subsidiary of Transnet, with its own board appointed by the minister of public enterprises.
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Transnet appoints Coega Development Corp to move 2 major port terminals
The Coega Development Corporation will oversee and implement the migration of the manganese terminal and the liquid bulk terminal from Gqebreha to Ngqura. It's hoped the move will help boost the economy of the Nelson Mandela Bay Metro.
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Singh defends hiring Regiments to advise Transnet on complex transactions
Former Transnet CFO, Anoj Singh, said that the rail agency treasury could only handle mundane functions, so it was necessary to appoint Regiments Capital as transaction advisors for more complex transactions.
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Gordhan applauds companies reversing state capture damage at SOEs
Speaking during his Budget vote on Thursday, the minister said they must start by fixing the damage at state-owned entities (SOEs) before repositioning them.
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Gigaba: Themba Langa lied about me wanting Transnet to pay Gama's legal costs
Malusi Gigaba said that even if he was still Public Enterprises minister, he would not have given such instructions, so lawyer Themba Langa was just dropping his name.
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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.
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Singh denies knowing Essa was paid 50% of fees billed by McKinsey
Anoj Singh also denied that he had a close relationship with Salim Essa.
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WATCH LIVE: Anoj Singh gives Transnet-related evidence at Zondo Inquiry
The state capture commission hearing Transnet related evidence from the former Transnet Chief Financial Officer (CFO) Anoj Singh on Thursday.
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McKinsey commits to repaying Transnet R870m from irregular contracts in 2 days
The firm said it would pay back all fees earned from irregular contracts with the rail agency and Eskom with interest.
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Gupta enterprise earned over R15bn from Transnet contracts, Zondo told
Researcher Paul Edward Holden said the payments were for locomotives and crane contracts and consultancies.
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Gigaba denies issuing orders for Gama to be reinstated as Transnet CEO
Former minister Malusi Gigaba said that contrary to allegations that he wanted Siyabonga Gama back, he never went beyond his role of oversight.
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Gigaba denies knowing Guptas paid R3.5bn in kickbacks from locomotive tenders
Malusi Gigaba said that he would not have known details of what transpired as minister because his role was oversight.
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Ex-Transnet boss ‘didn’t know’ Gigaba was involved in him being reinstated
Former Transnet CEO Siyabonga Gama appeared at the state capture inquiry this past week.
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Siyabonga Gama refutes Norma Mngoma's claim that he hired Malusi Gigaba's sister
Former Transnet CEO Siyabonga Gama said he never appointed the former minister’s sister Gugu Gigaba and did not attend a Jacob Zuma Foundation event that Transnet had sponsored with half a million rand.
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Ex-Transnet boss denies knowledge of CSR’s $123m payment to Gupta Enterprises
Former Transnet CEO Siyabonga Gama on Friday said that he didn’t know that China South Rail (CSR) paid US$123 million to Gupta Enterprises after the rail agency approved a loan agreement brokered by Salim Essa.
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WATCH LIVE: Ex-Transnet CEO returns to state capture hot seat
Former Transnet CEO Siyabonga Gama returns to the state capture inquiry.
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Siyabonga Gama: The idea that I’m corrupt is a falsity created by Popo Molefe
Former Transnet CEO Siyabonga Gama took the stand at the commission of inquiry into alleged state capture on 26 April 2021. During his testimony, Gama denied that former Minister of Public Enterprises Malusi Gigaba influenced his appointment in order to further state capture.
