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Transnet looting in the spotlight at Zondo inquiry

6 May 2019 2:47 PM
Tags:
Popo Molefe
Transnet
Transnet accounting irregularities
Transnet board
Zondo commission
Zondo commission of inquiry
Zondo commission of inquiry into State Capture
State-owned company board chairperson Popo Molefe expected to be the first witness.

Transnet is in the spotlight at the state capture inquiry.

The commission led by Deputy Chief Justice Raymond Zondo has heard that forensic investigation reports will be presented to demonstrate procurement fraud and corruption worth billions of rands at Transnet.

Eyewitness News senior reporter Barry Bateman says board chairperson Popo Molefe will be the first witness called.

The evidence will primarily relate to procurement irregularities, fraud and corruption.

Barry Bateman, Senior reporter - Eyewitness News

Pretorius told the commission that Transnet once had a capable well-staffed treasury and finance department but at one point it was entirely sidelined and that kind of function was given to external consulting companies.

Barry Bateman, Senior reporter - Eyewitness News

The reason this was done was to facilitate these dodgy contracts.

Barry Bateman, Senior reporter - Eyewitness News

Listen to the full interview below...


This article first appeared on 702 : Transnet looting in the spotlight at Zondo inquiry


6 May 2019 2:47 PM
Tags:
Popo Molefe
Transnet
Transnet accounting irregularities
Transnet board
Zondo commission
Zondo commission of inquiry
Zondo commission of inquiry into State Capture

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