In the letter, Transnet also accused the companies that merged to form CRRC-E Loco of “persisting with the conduct of avoiding the substance of forensic reports that inform Transnet’s position and legal obligations”.The 1,064 locomotives tender was one of the biggest scandals of the state-capture era, and saw companies linked to the Guptas and their associate Salim Essa receiving about R5bn in kickbacks.
Transnet’s acting CEO Mohammed Mahomedy told the Zondo commission of inquiry that Transnet flouted the Public Finance Management Act when awarding the initial R2.7bn contract to China South Rail. China South Rail failed the first stage of the tender process as it required companies to have a BBBEE certificate. The company scored 57%, which was 3% less than the minimum requirement to advance to the next stage in the bidding process.
Kick them out racist dogs
Sounds good. Next move is to cut ties with this modern day colonizer.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cash-flush Nestlé’s CEO will look to niche market until the next big acquisitionSwiss company offloads its US ice cream business, but the question is: what will it buy?
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: SABC News Online - 🏆 32. / 51 Read more »