An amaBhungane investigation into Transnet suggests the hijacking of state-owned enterprises by private interests is worse than originally thought.
A suspect Transnet contract lists 60% for a ‘supplier development’ subcontractor.
A storm threatens at the state company over tender-free CCTV projects with Neotel worth R835-million.
Homix says its CEO Ashok Narayan had attempted to convince investigators that it had provided Neotel with services commensurate with charges.
NEWSFLASH: Neotel confirms CEO and CFO have taken special leave pending an investigation of suspected commission payments in Transnet contracts.
Anoj Singh is expected to perform miracles at the power utility, but his alleged role during a billion-rand Transnet deal may give pause for thought.
Senior executive Harry Lekalakala resigned after being served with a precautionary suspension over allegations of corruption and gross misconduct.
Embattled SABC chairperson Ellen Tshabalala has been excluded from the new Transnet board, it emerged on Thursday.
A weaker rand has help profits at Patrice Motsepe’s mining company rise despite a fall in iron ore prices.
The Press Ombudsman has dismissed a complaint brought by Iqbal Sharma against the Mail & Guardian, saying the publication was justified in its report.
The parastatal is embarking on a R32-billion expansion in a massive bet on economic growth.
Guptas and Duduzane Zuma are hidden stakeholders in a strategic locomotive subcontracting company bought while the main tender process was ongoing.
The state-owned freight and logistics company says that annual profit has risen by 25%.
When a statue of the British imperialist went missing, it found an improbable champion in a Mahikeng local who has waged an uphill battle to find it.
Blame for violence towards non-striking Transnet employees at Ngqura port in Coega, Eastern Cape, is being bandied about between Numsa and Satawu.
The metalworkers’ union seems to be attacking the networks of patronage created under President Jacob Zuma’s administration.
The metalworkers’ union is seeking an official probe of contracts awarded by the transport parastatal.
Capital expenditure by major state-owned companies has been projected to reach R381.9-billion over the next three years, says the national treasury.
Transnet mulls construction an export facility claiming the Richards Bay Coal Terminal’s shareholders limit access for small black-owned producers.
Fitch has lifted Transnet’s long-term foreign-currency rating two levels to BBB, its second-lowest investment-grade level, with a stable outlook.
Africa’s largest media company has purportedly discussed a bond sale of $500-million to $1-billion for a seven to 10-year term with investors.
But private investors and the government face a number of hurdles before the project gets going.
Legal documents were served on Transnet and two of its funds regarding a class action suit over pension funds, Geyser and Coetzee Attorneys said.
A group of 66 000 pensioners have instituted a civil claim to recover about R79-billion they claim Transnet plundered from their pension funds.
Everyone’s talking about the "New Age" business breakfasts and if it’s alright for parastatals to fund it. What’s the real problem with this deal?
Like many other state endeavours, the costs of Transnet’s latest fuel project have kept on soaring, writes Lynley Donnelly.
Transnet has reported an 11% increase in revenue to R24.9-billion, due to increased rail volumes.
The Labour Court is due to rule on Friday morning whether 42000 Satawu members at two Transnet divisions may legally go on strike next week.
The South Durban basin could become a construction site for the next 40 years if all the city’s plans to expand the existing port are adopted.
Parliamentarian Natasha Michael says the Democratic Alliance has asked public protector Thuli Madonsela to investigate two Transnet pension funds.
Transport and logistics parastatal Transnet has released impressive annual results, prompting optimistic media headlines.
Logistics group Transnet plans to issue a foreign currency bond of at least $500-million this financial year to help fund its expansion programme.