Prasa boss's questionable house deal

2015-05-31 08:25
Lucky Montana. Picture: File

Lucky Montana. Picture: File

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Johannesburg - Railways boss Lucky Montana has been linked through a questionable property sale to a company that bagged a multi billion rand  tender from the government parastatal he heads, an investigation by Rapport newspaper shows.
 
Montana, who heads the Passenger Rail Agency of SA (Prasa), last year sold his home in Parkwood, an upmarket suburb in Johannesburg, for R6.8m, cash, to a Pretoria attorney, Riaan van der Walt.
 
The amount paid is almost R3m more than the average house price in the area and R3.4m more than the value of the house, which had  been valued by the City of Johannesburg 10 months before the sale.
 
Van der Walt, it turns out, is the lawyer for Siyangena Technologies, a security company that won a huge tender for an integrated station-access management system (Isams) from Prasa a few months after the property transaction took place.
 
Mario Ferreira, Siyangena Technologies' CEO, left the South African arm of German electronics giant Siemens in 2005 amidst allegations that he had paid bribes to 'middlemen" connected to state tenders elsewhere in Africa secured by Siemens.
 
Ferreira and Van der Walt are also fellow directors in an unrelated shelf company.
 
Van der Walt told Rapport he stumbled upon Montana's house by chance, but the newspaper determined Montana's mother, Mary, had been living in a second property owned by Van der Walt since 2013.
 
Siyangena Technologies won the tender - which could see it rake in some R3bn from Prasa for providing CCTV cameras and other security-related products and services at train stations across South Africa - amidst widespread criticism among rival bidders that the tender process was tweaked to favour Ferreira's company.
 
- Read the full report in Rapport and City Press.

Read more on:    prasa

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