Putting the spotlight on Transnet looting at state capture inquiry

eNCA reporter Erin Bates gives an analysis of the Commission of Inquiry into State Capture which is currently focused on the looting at Transnet.

This past week saw Transnet chair Popo Molefe narrate one of the most expensive dirty deals at Transnet, the acquisition of 1 064 locomotives bought from international suppliers.

Another damning testimony was presented by Transnet’s governance executive manager, Peter Volmink. He testified on the level of corruption at the parastatal by some of its executives.

Bates says Volmik only gave a small fraction of the puzzle and didn't really take his testimony to the end, revealing who was set to benefit and how the corruption took place.

Read: Transnet gets Chinese rail supplier to pay back R618 million in looted funds

He testified on governance and the ignoring of governance policies in five different contracts that were passed through at Transnet. His testimony was much more dense but, unfortunately, he didn't take us to the end of the line.

Erin Bates, Reporter - eNCA

Bates says one of the highlights mentioned at the inquiry was the contract Transnet had with McKinsey, Trillian and Regiments.

Transnet paid McKinsey, Trillian and Regiments R3.26 billion between 2005 and 2017.

There is evidence before the commission that some official from McKinsey emailed someone at Transnet to try and expedite payment, even though on Volmik's testimony, the procurement process had not been completed.

Erin Bates, Reporter - eNCA

According to Bates, Volmik's gesture when talking about McKinsey showed irritation and grief.

She further explains some of the procurement processes at the state-owned enterprises and how they were manipulated by some of the Gupta-linked companies in order to get contracts.

To hear the rest of the conversation, listen below:


Recommended

by NEWSROOM AI
Read More
Popo Molefe follows money trail that goes all the way to the Guptas

Popo Molefe follows money trail that goes all the way to the Guptas

Transnet board chairperson reveals to Zondo commission machinations of Brian Molefe and other 'architects of state capture'.

Transnet looting in the spotlight at Zondo inquiry

Transnet looting in the spotlight at Zondo inquiry

State-owned company board chairperson Popo Molefe expected to be the first witness.

Transnet staffers involved in alleged corruption worth billions

Transnet staffers involved in alleged corruption worth billions

AmaBhungane senior investigative journalist Susan Comrie provides insights into a City Press exposé over the weekend.

Former Prasa CEO fingered in theft of rail track and money laundering

Former Prasa CEO fingered in theft of rail track and money laundering

Mthuthuzeli Swartz made a brief appearance in the Port Elizabeth Commercial Crime Court and is out on R2000 bail.

Transnet receives R6.18 billion back from Chinese rail firm

Transnet receives R6.18 billion back from Chinese rail firm

Investigative Journalist at Amabhungane Susan Comrie says the advance payment was from a totally different contract.

Transnet gets Chinese rail supplier to pay back R618 million in looted funds

Transnet gets Chinese rail supplier to pay back R618 million in looted funds

Transnet is on a mission to get back what was stolen from it. Bruce Whitfield interviews its Chairperson, Popo Molefe.

'We believe that we have always been correct' - Transnet board chair

'We believe that we have always been correct' - Transnet board chair

Transnet has welcomed the Labour Court's dismissal of an application by CEO Siyabonga Gama to interdict his removal.

Eskom CEO refutes claims that Abram Masango resigned due to harassment

Eskom CEO refutes claims that Abram Masango resigned due to harassment

The senior executive resigned after being served with a notice of suspension on Friday.

What men need to know about checking for prostate cancer

What men need to know about checking for prostate cancer

Urologist and sexual health expert Dr Shingai Mutambirwa says it's vital for men above 40 to check their prostates annually.

Popular articles
[WATCH] SA cop assisting angry Chinese national without passport goes viral

[WATCH] SA cop assisting angry Chinese national without passport goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

How removal of head of Chapter 9 institution, like Public Protector, would work

How removal of head of Chapter 9 institution, like Public Protector, would work

Parliamentary spokesperson Moloto Mothapo explains way forward after National Assembly's rules committee finalised draft rules.

'I believe I am the leader DA needs at this point in time' - Makashule Gana

'I believe I am the leader DA needs at this point in time' - Makashule Gana

The Gauteng MPL faces off against John Steenhuisen in the DA interim federal leader contest on Sunday.

Famous Brands (Steers, Debonairs, Wimpy, etc.) burned in UK, reports huge loss

Famous Brands (Steers, Debonairs, Wimpy, etc.) burned in UK, reports huge loss

An R874 million write-down in the UK burned Africa’s largest food franchisor. Bruce Whitfield interviews Darren Hele, its CEO.

Does God exist? A debate

Does God exist? A debate

Eusebius McKaiser hosted a heated debate on God's existence with atheist Jacques Rousseau and believer Mahlatse Winston Mashua.