-
Transnet wants to reverse audit finding of R49bn irregular expenditure
The state-owned freight, rail and ports entity released its mixed-bag financial performance on Monday, which showed the company’s revenue had grown by 1.6%, while it received yet another qualified audit.
-
Disciplinary processes against suspended Transnet officials to begin in Nov
The group suspended four executives and several other senior managers and officials with full pay and benefits earlier this year over alleged misconduct.
-
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.
-
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.
-
Transnet credits revenue improvement on petroleum volumes
The entity reported a 1.6% revenue increase amounting to R74.1 billion.
-
Transnet reports 1.6% rise in annual revenue
Transnet, which has been investigating allegations of corruption in the procurement of diesel and electric locomotives, said its audit report had received a 'qualified opinion'.
-
Firefighter injured while extinguishing Transnet train fire
The City of Cape Town’s Fire and Rescue Services responded to the incident at Transnet’s shunting yard in Woodstock on Sunday night.
-
Jacob Zuma's state capture testimony halted for now
Former President Jacob Zuma won't continue with his testimony at the state capture commission for now.
-
State capture lunch time wrap: A lot of 'I don’t recall' from Zuma
Here is a quick round-up of the first half of day three of the commission.
-
WATCH LIVE: Ex-Transnet engineer continues state capture testimony
Former Transnet electrical engineer Francis Callard continue with giving testimony at the state capture inquiry.
-
WATCH LIVE: Zondo Commission switches focus back to Transnet
Helen Walsh, the acting Manger: Governance, Risk and Compliance at Transnet, is giving testimony.
-
Saica postpones disciplinary process against corruption tainted Anoj Singh
Singh has been accused of wrongdoing in Transnet's procurement of over 1,000 locomotives.
-
South Africa's entire coal line shut for maintenance - Transnet
Transnet Freight Rail said the shutdown, from 2-11 July, will cover the entire coal line which has flows originating from Ermelo, Vryheid, Richards Bay, Witbank, Ladysmith and Isando depots.
-
Eskom, Transnet, Denel: Pravin Gordhan's full Sona debate response
Public Enterprises Minister Pravin Gordhan gave his Sona debate response in Parliament on Tuesday. These are his plans for the ministry.
-
Transnet paid Gupta-linked Homix R41m for unknown reason, auditor testifies
Chetan Chhagan Vaghela said Neotel's management and board were unaware why Homix was being paid by Transnet.
-
WATCH LIVE: Deloitte auditor testifies at state capture inquiry
Deloitte auditor Chetan Chhagan Vaghela’s testimony is focused on state-owned company Transnet.
-
Transnet officials told to approve tender or lose jobs, inquiry told
The details emerged during the testimony on Monday of former Transnet group chief information officer Makano Mosidi.
-
Transnet lifts ban on all activities at Durban harbour
The ban had been put in place after sewage was found flowing into the harbour from the eThekwini municipality’s sewer reticulation system.
-
Ex-Transnet treasurer feared for her life before resignation, inquiry hears
She blamed former chief executives Brian Molefe and chief financial officer Anoj Singh for creating a difficult environment in the company.
-
Car boots of certain Transnet officials were stacked with cash, inquiry told
Former Transnet group treasurer Mathane Makgatho detailed the company’s interactions with the China Development Bank over funding terms for the loan.
-
WATCH LIVE: Former Transnet treasurer continues testimony on state capture
On Thursday, Makgatho explained how she prevented R750 million from being stolen from the parastatal.