told the Zondo commission on Tuesday that he did not wish to feel intimidated by repeatedly being asked why he had approved a R78.4-million payment to Regiments when there was no contractual obligation to do so.
Myburgh was referring to evidence he had presented on Monday, showing how Essa had used payments secured from Transnet to launder a small fortune through shell companies. The exchange related to a decision by Molefe to approve an exceptional payment request for R78-million from Regiments for advice that allegedly saved Transnet R2.8-billion in hedging and escalation costs on the locomotive deal. The consortium, in which Regiments soon became the dominant partner, had been appointed on a fixed benefit contract worth R35.2-million, but at Singh’s urging the scope and the worth subsequently grew.
“It is a huge saving you are talking about … did you ask him ‘how did that come about?’’ Zondo asked. But, on Molefe’s telling, he failed to side with Singh when Transnet treasurer Mathane Makgatho — a former colleague of his at the treasury — was dead set against using Regiments as brokers to secure financing to the tune of R1.5-billion from the China Development Bank on the locomotive deal.
He said the matter turned into a debate with Makgatho “bitterly disagreeing” and his way of resolving it was to call a meeting with her, Singh and Wood to give them a chance to settle it.
Only in south Africa ppl will get away with crime like this, because the state is weak. But we the tax payers should stand up and revolt against the state for being weak in punishing fraudulent like Brian. Let take the state to court with support of institution like right 2 know.
There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting a comment about Rolandwolf123
Good. Let the crooks start throwing each other under the bus.
Crying foul because he is cornered
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