#ICYMI City Press: Report finds Molefe helped loot Transnet, Top Gear still charged, and what the DA doesn't see

2018-05-13 22:25
Outgoing Eskom CEO Brian Molefe. (Netwerk24)

Outgoing Eskom CEO Brian Molefe. (Netwerk24)

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Transnet: Brian helped to loot

Brian Molefe was found to have lied to the Transnet board to inflate the controversial 1 064 locomotive tender – from which Gupta family-linked businesses scored billions of rands in kickbacks – from R38bn to R54.5bn.

The name of the former Transnet group chief executive looms large in the 219-page report, in which the transaction is described as “cloaked in corrupt and reckless activity”. It was compiled by law firm Werksmans and is dated December 7 last year.

Salaries at risk as VBS bank saga hits 15 councils

Fears are mounting that up to 15 municipalities across the country could collapse because they are not likely to recover their R1.5bn investments at VBS Mutual Bank

Their exposure to VBS was “too large compared to their operating revenue”, according to a Treasury document sent to the affected municipalities last week.

What the DA doesn't see

The nonsense that has been spewed forth since DA leader Mmusi Maimane made his perfectly logical comment about the continued existence of white privilege is stunning in its sheer blinkered arrogance. Most comments come from within the smug “we and our families never voted for the Nats” ranks of the “traditional DA”, but also from the more extreme ethnic nationalists clinging to the coat-tails of white liberals, writes Terry Bell.

Read more.

Top Gear is still super charged

His gaze is harder than the gear lever on a World War 2-era Russian tank. He doesn’t smile. He has about 10 minutes before he and colleagues Rory Reid and Matt LeBlanc start three hours of filming the last episode of season 25 of Top Gear, which will air in South Africa in September.


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