Brian Molefe did not seek approval when the price for the acquisition of 1 064 locomotives hiked by billions of rands.
The 1 064 locomotives were meant to upgrade and modernise Transnet’s fleet, but the contract has been dogged by allegations of corruption
Transnet executives were "completely ignorant" that certain transactions had occurred and first learnt of them through media, acting group CEO says
Mohammed Mahomedy was appointed in May 2019, taking over from Tau Morwe, whose contract was not extended
The Transnet board chairperson alleges that the move appears to have been an effort to bail out construction company Group Five
According to a statement from Transnet, issued late on Wednesday evening, Tau Morwe’s contract comes to end on May 3 2019
Popo Molefe says Transnet is reviewing the controversial contracts for 1064 locomotives, saying the company did not need all the trains
The report was well over a year in the making and is chiefly based on the evidence presented during the committee’s inquiry last year
The report also implicates whistleblower Suzanne Daniels
​Court papers filed by Transnet to recover R189m in inflated payments from Gupta-linked Regiments Capital have revealed collusion by senior execs