Molefe had 'unbundled' confinement tenders | IOL Business Report

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Transnet's executive manager for governance, Peter Volmink lifted the veil on the impunity with which former group executive Brian Molefe and chief financial officer Anoj Singh handled tenders at the company. busrep

JOHANNESBURG – Transnet's executive manager for governance, Peter Volmink, on Friday lifted the veil on the impunity with which former group executive Brian Molefe and chief financial officer Anoj Singh handled tenders at the company, going as far as keeping tenders secret up until they were awarded. Volmink said Molefe had “unbundled” confinement tenders to McKinsey Consulting so that they could fall within his delegated authority and escape scrutiny from higher authorities at the entity.

“Our code of ethics states that it is considered an ethical breach to unbundle a transaction into smaller components in order to avoid higher level of authority and scrutiny,” Volmink said. Volmink said that through a confinement tender process, McKinsey bagged eight contracts over a two-year period under Molefe as chief executive, which were worth R2.1billion, with some amendments made to the scope of the tender to ensure continuity.

 

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