Days of Zondo Newsflash: Transnet’s acting chief, Mohammed Mahomedy dishes the dirt on dodgy contracts By Jessica Bezuidenhout JessBezJourn
As expected, Mohammed Mahomedy named former executives and senior managers, Brian Molefe, Anoj Sigh, Thamsanqa Jiyane, Gary Pita and Phetolo Ramosebudi whose fingerprints are allegedly all over the questionable dealings, in the following deals:China South Rail
The circumstances and costs relating to the relocation of operations from Gauteng to Durban for two of the locomotive suppliers, including China South Rail. Mahomedy testified to how the price tag shot up after an initial business case and financial model that took into account currency fluctuations and contingencies among other things, were simply overridden.
Then, he testified to how McKinsey & Co had landed a contract to advise Transnet on the 1,064 locomotive deal but walked away when confronted with a super tight six-week deadline. While Transnet has not been able to find a copy of a contract ceding the deal to Regiments, they have found a letter in terms of which McKinsey ceded the work to Regiments.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DAYS OF ZONDO: State Capture clean-up ‘an indiscriminate mission’Transnet is hunting down the State Capture loot and pushing for the prosecutions of all culprits, the Zondo commission was told by Transnet’s governance executive, Peter Volmink.
Read more »
DAYS OF ZONDO: Johan Booysen confirms the nightmare reign of Berning NtlemezaEx-Hawks head Berning Ntlemeza seized control of key posts, hijack the promotion system and seemingly scream and shout or belittle staff he believed had contact with either his 'enemies'. The 'nightmare' reign of Ntlemeza via the dailymaverick:
Read more »
LIVE FEED: #StateCaptureInquiry May 15, 2019 | IOL NewsThe Zondo commission will on Wednesday morning hear from Transnet acting group chief executive officer Mohammed Mahomedy.
Read more »
Transnet execs allegedly bent the law, Zondo Commission hearsTransnet execs allegedly bent the law, Zondo Commission hears eNCA
Read more »
Zondo commission hears how emergency procedures used for big tendersTransnet executive Peter Volmink told the commission that in some cases certain bidders were given the green light for big tenders without meeting the required criteria.
Read more »
Another Transnet executive to take the stand at State Capture Inquiry - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Zondo Commission probing allegations of state capture will resume on Thursday in Parktown, Johannesburg. sabcnews Transnet ZondoCommission StateCapture
Read more »
Transnet acting CEO to detail hijacking of parastatal at Zondo InquiryBoard chair Popo Molefe set the scene a week ago where he implicated several former executives in executing a sophisticated heist which siphoned hundreds of millions of rand out of the company.
Read more »
WATCH LIVE | Transnet acting CEO in the hot seat at Zondo commissionUp next in the hot seat at the state capture inquiry is Transnet's group acting chief executive officer, Mohammed Mahomedy.
Read more »
WATCH LIVE: Transnet CEO testifies at Zondo commissionMohammed Mahomedy is expected to reveal all he knows about the powerful individuals and companies that benefited from state capture.
Read more »