Former electrical engineer at Transnet, Francis Callard testifying at the State Capture Inquiry
The State Capture inquiry has heard of suspicious alterations to a proposal that helped acquire 100 locomotives, which were not suited to South Africa’s rail infrastructure, to favour China South Rail. This was testimony byCallard implicated former Transnet executive,Callard says the business case he created for 100 locomotives was unilaterally changed by executives to suit China South Rail.
This comes after he had written a memo communicating that the acquisition should be confined to another company Mitsui. He says the confinement would have ensured fast delivery.The commission has also heard that a committee approved the acquisition of 100 non-specific locomotives. This is despite the original proposal requested the acquisition of 19E type locomotives, which would have suited South Africa’s rail infrastructure.The commission continues.
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State capture company got R227m 'for work Transnet should have done itself'Gupta-linked company Regiments Capital allegedly scored R227m for carrying out loan swaps on behalf of Transnet – a task the state-owned company's treasury team was more than capable of doing by itself.
แหล่ง: TimesLIVE - 🏆 28. / 59 อ่านเพิ่มเติม »
State capture company got R227m 'for work Transnet should have done itself'Gupta-linked company Regiments Capital allegedly scored R227m for carrying out loan swaps on behalf of Transnet – a task the state-owned company's treasury team was more than capable of doing by itself.
แหล่ง: SundayTimesZA - 🏆 47. / 51 อ่านเพิ่มเติม »