Mahomedy: Transnet's R300m penalty payment to China South Rail was avoidable

United States News News

Mahomedy: Transnet's R300m penalty payment to China South Rail was avoidable
United States Latest News,United States Headlines
  • 📰 ewnupdates
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Mahomedy: Transnet's R300m penalty payment to China South Rail was avoidable StateCaptureInquiry

PRETORIA - Transnet incurred a R300 million penalty payment to China South Rail which was entirely avoidable.

Mahomedy has testified about an irregular contract with the Chinese company for hundreds of locomotives, which escalated from R38 billion to R49 billion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ewnupdates /  🏆 30. in ZA

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.

Transnet execs learned of irregular contracts through media — MahomedyTransnet execs learned of irregular contracts through media — MahomedySome Transnet executives only learned of irregularly awarded contracts through the media, the state capture inquiry heard on Wednesday from the state-run freight rail’s acting chief executive.
Read more »

Days of Zondo Newsflash: Transnet’s acting chief, Mohammed Mahomedy dishes the dirt on dodgy contractsDays of Zondo Newsflash: Transnet’s acting chief, Mohammed Mahomedy dishes the dirt on dodgy contractsTransnet acting group chief executive Mohammed Mahomedy is currently testifying at the Zondo Commission to a series of suspect dealings around several controversial contracts under investigation by the State Capture Commission.
Read more »

Transnet’s Mr Clean, Mohammed Mahomedy, nearly quit. This is whyTransnet’s Mr Clean, Mohammed Mahomedy, nearly quit. This is whyNewsletter| In his statement before the commission, Mahomedy declares all his relationships with those accused of state capture, and is widely seen as Mr Clean in an organisation whose executive ranks have been decimated.
Read more »

State capture inquiry hears Transnet execs could keep tenders secretState capture inquiry hears Transnet execs could keep tenders secretJudge Raymond Zondo expressed surprise when he heard that top executives at state-owned freight rail company Transnet could choose to keep tenders secret up until they were awarded.
Read more »

Transnet procurement process an 'aberration', state capture inquiry hearsTop executives were able to sign off on massive tenders and contracts with little oversight, the inquiry has heard.
Read more »

How senior execs were empowered to blow billions at Transnet'Spectacular breaches of the law' were prevalent at executive and board level, Transnet’s executive manager for governance Peter Volmink said.
Read more »

Transnet confined tenders without valid grounds, Peter Volmink tells inquiryTransnet’s governance executive manager, Peter Volmink, testified at the state capture commission on the corruption at Transnet by some of its executives.
Read more »

WATCH LIVE: Transnet manager Peter Volmink testifies on dodgy Neotel contractWATCH LIVE: Transnet manager Peter Volmink testifies on dodgy Neotel contractVolmink is expected to implicate the company’s former acting chief executive, Tau Morwe, in having a hand in the questionable surveillance system contract to Neotel.
Read more »



Render Time: 2025-03-11 04:20:04