Transnet has to date spent R42.5bn on acquiring 1 259 new locomotives meant to upgrade its ageing fleet, some R3.9bn more than it originally budgeted for, the commission of inquiry into state capture has heard...
The commission, chaired by Justice Raymond Zondo, on Wednesday received five files containing detailed invoices for Transnet's multi billion-rand series of tenders for the new engines. The three related tenders, for 95, 100 and 1064 new engines, have been dogged by allegations of kickbacks, irregularities and ballooning prices...
Inquiry hears Transnet paid R42.5bn for new locomotives
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Inquiry hears Transnet paid R42.5bn for new locomotives
Inquiry hears Transnet paid R42.5bn for new locomotives
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John Ashworth
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Re: Inquiry hears Transnet paid R42.5bn for new locomotives
Transnet 'inflated' locomotives contract when Brian Molefe was boss
The state capture inquiry on Wednesday heard how Transnet spent billions of rands over five years to procure locomotives from various suppliers...
The commission previously heard testimonies about how these deals were shrouded in corruption and procurement irregularities...