A proposal was amended to favour China South Rail, Zondo commission told
After days of shocking evidence of corruption and maladministration by Transnet acting group chief executive Mohammed Mahomedy at the Zondo Commission of Inquiry into State Capture the week, the company's former strategy manager, Francis Callard, is testifying on Friday.
Mahomedy told the commission on Thursday of how an ill-advised interest rate swap on loans has cost Transnet more than R1bn.
To discuss Callard's testimony, Ray White on the Xolani Gwala Show speaks to EWN reporter Barry Bateman.
We are getting quite a typical explanation and introduction of how decisions were made when purchasing a locomotive to operate on South African railways.Barry Bateman, Reporter - EWN
He says Callard took the commission back to about 2010, 2011 and 2012 when Transnet was looking at changing its strategy, which required it to address the demands of the industry.
There was a move in the industry where more companies who were using road freight wanted to move across to the rail freight but they simply didn't have enough capacity at the time.Barry Bateman, Reporter - EWN
Callard was asked to put together a plan on how they would address this demand.
What it involved was taking 100 trains from coal freight which operated on the Ermelo coalfields down to Richards Bay. He rejected that memo.Barry Bateman, Reporter - EWN
Months later Callard was asked to do another proposal but this time without him having any input and the proposal he had put forward was amended without his knowledge to fit the specifications for China South Rail.Barry Bateman, Reporter - EWN
What we have heard so far is that a plan that would have benefited Transnet was sidelined in favour of China South Rail.Barry Bateman, Reporter - EWN
Listen below to the full report:
EWN reporter Nthakoana Ngatane gives an update on who will take the stand at the inquiry.Read More
EWN reporter Barry Bateman gives an update on what is happening at the state capture inquiry.Read More
Deputy Chief Justice Raymond Zondo reflects on the state capture inquiry a year since its establishment.Read More
EWN reporter Bonga Dlulane unpacks former Department of Justice and Constitutional Development DG Nonkululeko Sindane's testimony.Read More
EWN reporter Bonga Dlulane unpacks Daniel Mahlangu's testimony at the state capture inquiry.Read More
EWN reporter Clement Manyathela talks about Rajesh Sundaram testimony at the Zondo Commission of Inquiry into State Capture.Read More
Johan Booysen reveals dodgy dealings between businessman Tosh Mpende and the Saps.Read More
eNCA reporter Erin Bates says McBride told the commission how law enforcement agencies resisted transparency.Read More
AmaBhungane Centre for Investigative Journalism's Sam Sole unpacks his article on the fallout between Cele and McBride.Read More
Zondo commission investigator Patrick Mlambo testifies about his visits to Gwede Mantashe and Dudu Myeni's houses.Read More