The National Treasury has released a 'bombshell' report of more than 600 pages stipulating the extent of rot at Transnet and Eskom over the last six years. The report says that Malusi Gigaba compromised the procurement process of controversial new Chinese locomotives.
The report also indicates that former Transnet CEO Brian Molefe and chief financial officer Anoj Singh misrepresented facts to the Transnet board in making a business case for the acquisition of the trains.
Malusi has been put at the centre of the China South Rail locomotives deal, which was found to have had so many flaws and has cost the state about R3.8 Billion. Also, Gigaba was found to be the witness according to the report which he was not even the authorised person to do so.— Thanduxolo Jika - Investigations Editor at Mail and Guardian
Gigaba has also been found to have told Transnet executives to waive instructions from Treasury on the procurement of locomotives.
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