Another Transnet executive to take the stand at State Capture Inquiry - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Transnet Executive Manager for Governance, Peter Stephen Volmink, is expected to take the stand. His testimony follows that of the parastatal’s board chairperson, Popo Molefe.

On Tuesday, Molefe told the inquiry that Transnet lost about R16-billion in the acquisition of over 1 000 locomotives due to flawed procurement processes. He says the board is pursuing civil action against service providers and former Transnet executives, Brian Molefe, Siyabonga Gama and Anoj Singh. The Transnet chair described the three as the architects and facilitators of state capture at the company.They allegedly approved irregular contracts, which would ultimately benefits their preferred companies.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IEC urges agricultural sector to allow farm workers to vote - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The Electoral Commission of South Africa (IEC) is calling on the agricultural sector to ensure that the rights of farmworkers to freely participate in the elections are guaranteed.
Source: SABC News Online - 🏆 32. / 51 Read more »