Putting the spotlight on Transnet looting at state capture inquiry

eNCA reporter Erin Bates gives an analysis of the Commission of Inquiry into State Capture which is currently focused on the looting at Transnet.

This past week saw Transnet chair Popo Molefe narrate one of the most expensive dirty deals at Transnet, the acquisition of 1 064 locomotives bought from international suppliers.

Another damning testimony was presented by Transnet’s governance executive manager, Peter Volmink. He testified on the level of corruption at the parastatal by some of its executives.

Bates says Volmik only gave a small fraction of the puzzle and didn't really take his testimony to the end, revealing who was set to benefit and how the corruption took place.

Read: Transnet gets Chinese rail supplier to pay back R618 million in looted funds

He testified on governance and the ignoring of governance policies in five different contracts that were passed through at Transnet. His testimony was much more dense but, unfortunately, he didn't take us to the end of the line.

Erin Bates, Reporter - eNCA

Bates says one of the highlights mentioned at the inquiry was the contract Transnet had with McKinsey, Trillian and Regiments.

Transnet paid McKinsey, Trillian and Regiments R3.26 billion between 2005 and 2017.

There is evidence before the commission that some official from McKinsey emailed someone at Transnet to try and expedite payment, even though on Volmik's testimony, the procurement process had not been completed.

Erin Bates, Reporter - eNCA

According to Bates, Volmik's gesture when talking about McKinsey showed irritation and grief.

She further explains some of the procurement processes at the state-owned enterprises and how they were manipulated by some of the Gupta-linked companies in order to get contracts.

To hear the rest of the conversation, listen below:


This article first appeared on 702 : Putting the spotlight on Transnet looting at state capture inquiry


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