#GuptaLeaks: A third Gupta-Transnet ‘kickback’ contract unearthed

2017-09-18 06:00

Transnet bought seven of the world's most expensive port cranes because a Chinese state-owned firm inflated the price to pay off the Guptas, a kickback contract shows.

SA freight rail operations can benefit from regenerative braking system

2017-09-13 19:48

By using a regenerative braking system, cost savings of between 15% and 25% could be achieved in freight rail in SA, says a Transnet engineer.

Parliament grills Transnet on Gupta links

2017-09-08 10:44

Transnet officials have come under fire in Parliament at a meeting of the Portfolio Committee on Trade and Industry where they faced a barrage of questions.

#GuptaLeaks: How Anoj Singh sang for his supper

2017-09-06 10:06

Evidence in the #GuptaLeaks and elsewhere points to a criminal conspiracy to defraud South Africans of billions, with Singh as a central and willing player.

Paving her way through maritime industry

2017-08-16 19:50

With the maritime industry formerly male dominated, women have to work hard to prove that they can head up pivotal positions in the industry, says a harbour master.

Eskom inquiry: Call for Zuma to face questioning

2017-07-25 17:52

MPs have called for the parliamentary inquiry into Eskom to be extended to Transnet and Denel, and for President Jacob Zuma to be among those questioned.

GuptaLeaks: Kickbacks for Transnet crane contracts

2017-07-17 06:59

As the #GuptaLeaks and other investigations publicly turn up more evidence, it has become clear that Transnet, with its annual revenue of more than R60-billion, was targeted as ground-zero for Gupta capture.

Transnet suspends officials, takes legal action over irregularities

2017-07-12 18:52

Transnet has suspended senior officials, taken legal action and instituted disciplinary actions after irregularities were reported to the Independent Regulatory Boards of Auditors.

Transnet milked by Guptas

2017-07-09 06:02

New emails suggest that front companies were used to rake in billions for the infamous family.

Transnet in bid for $400m recap of Zim railways

2017-07-05 10:50

Transnet is bidding for the $400m recapitalisation of the National Railways of Zimbabwe and has submitted bid documents to the State Procurement Board.


Parliament to investigate massive Transnet locomotive tender

2017-09-17 16:11

Parliament’s trade and industry oversight committee has agreed to launch an inquiry into Transnet’s controversial acquisition of 1 064 locomotives at a cost of R50bn.

Transnet looks to build two new heavy haul rail lines

2017-09-10 06:00

Transnet is looking for funding to build a heavy haul railway line to link South Africa and Swaziland. In addition, the parastatal aims to complete a feasibility study next year into a Waterberg-Botswana coal rail link.

Rail requires smart innovation - Transnet CEO

2017-09-06 15:19

Sustaining rail operations requires smart innovations regarding operational efficiencies and cost effectiveness, says Transnet CEO Siyabonga Gama.

No quick fix for battered economy when Zuma goes

2017-08-31 07:57

Anyone who believes there’s a quick fix for South Africa’s political and financial malaise when President Jacob Zuma leaves office needs to think again.

OUTA lays criminal charges against Public Enterprises DG

2017-07-28 16:29

OUTA has laid fraud charges against Public Enterprises DG Mogokare Richard Seleke, following media reports of his alleged involvement in deals that benefited the Gupta family.

Software AG to probe Gupta-linked allegations

2017-07-25 15:41

German software company Software AG has told Fin24 it will investigate allegations that its SA office had a kickback agreement with a Gupta-owned company.

SAP forensics team gets cracking on Gupta allegations

2017-07-13 16:43

SAP has appointed an international law firm to undertake a holistic investigation of allegations of non-compliance at its operations in South Africa.

#GuptaLeaks: Software giant paid Gupta front R100m 'kickbacks' for state business

2017-07-11 07:12

To clinch Transnet business, SAP agreed to pay 10% 'sales commission' to a company controlled by the Guptas. The evidence suggests the company – a little-known outpost of the Gupta empire – was deliberately interposed to obscure Gupta involvement and to launder the proceeds to them.

Violent protests disrupt Transnet coal line

2017-07-06 13:28

Community protests over jobs and business opportunities have caused the suspension of the Richards Bay coal line which could result in huge losses to the economy, says Transnet.

External firm to probe Transnet corruption allegations

2017-07-03 19:07

Transnet group CEO Siyabonga Gama said the company has hired an external legal firm to probe allegations of corruption at the state-owned enterprise.

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