MBA program investigating Transnet CEO's qualification

2018-08-06 22:25

A top international MBA programme, which awarded Transnet CEO Siyabonga Gama his degree, says it is investigating allegations 'about academic integrity' involving Gama's qualification.

Action expected against Transnet execs

2018-08-05 05:57

Suspensions are on the cards from as early as next week for senior Transnet executives named in three reports on state capture.

Gordhan talks tough on Trillian, Regiments

2018-08-02 19:47

Public Enterprises Minister Pravin Gordhan said the actions of controversial contractors Regiments and Trillian would be investigated by newly appointed boards of state-owned entities and the Judicial Commission of Inquiry into State Capture.

ICYMI: SOE looting | Hidden secrets of SA's wealthy - the best of City Press

2018-07-29 21:31

A damning Treasury report sheds light on the scale of the theft of public funds from state owned enterprises; South Africa's super rich revealed and questions on the integrity of the Zondo commission into state capture. Here's the best from City Press.

Make terms of Chinese loans to Eskom and Transnet public - Mills Soko

2018-07-28 08:00

Two Chinese banks concluded separate loans worth a combined R37bn with Eskom and Transet this week, but the interest charge on the debt has not been disclosed.

Transnet disbands scandal-plagued acquisition and disposal committee

2018-07-20 16:09

The state-owned enterprise's new chair Popo Molefe wrote in a letter to staff that company directors should no longer be involved in acquisition decisions.

Voters have another opportunity to hold politicians to account in 2019 – IEC

2018-06-21 20:19

While elections will not eliminate poverty, create jobs and grow the economy, free and fair elections are a springboard that can ensure that the goals of the NDP become a reality, says the IEC's Sy Mamabolo.

Saica to start disciplinary proceedings against former Eskom CFO Anoj Singh

2018-06-19 13:06

Following a period of investigation, the South African Institute of Chartered Accountants has decided to issue charges of misconduct against the chartered accountant and former Eskom CFO Anoj Singh.

Damning legal report lays bare Molefe, Singh's roles in Transnet deal

2018-06-18 20:03

Transnet's former CFO Anoj Singh and CEO Brian Molefe either didn't apply their minds, or gave the board inadequate information on a controversial locomotive tender, argues a report by MNS Attorneys.

Audio recording exposes Transnet boss in Gupta tender

2018-06-17 10:01

An audio recording of a Transnet tender subcommittee meeting reveals how a director of the state company showed apparent bias towards Gupta-linked German company T-Systems.


McKinsey admits helping Transnet CEO with MBA, but Gama says only aid was editing

2018-08-06 12:04

Global consultancy McKinsey & Co has admitted to helping Transnet Group Chief Executive Siyabonga Gama prepare a part of his thesis to obtain an MBA, but Gama told Fin24 the help had amounted to nothing more than checking language.

China loans: Explain the fine print, please

2018-08-03 05:45

Euphoria over money pouring in from China is premature until we know the crucial details - otherwise it may just be a Trojan horse, says Terry Bell.

Transnet overpaid by R509m for locomotives - report

2018-08-01 10:57

Transnet has paid R509m more for 100 locomotives after switching a supply contract to a Chinese rail company, according to a report commissioned by the National Treasury.

Treasury drops looting bomb

2018-07-29 06:00

Six suspicious deposits totalling R16m into Anoj Singh’s bank account in a single month: July 2016, when he was Eskom CFO.

The 'Gupta Minyan' and the R647 million Transnet scam

2018-07-26 06:18

amaBhungane's investigative team went after a trail left by Gupta lieutenant Salim Essa. What they found was a group of Jewish businessmen who complain of being shunned by their community because of their association with the Guptas.

What SAP really knew when it paid the Guptas a R100m commission

2018-06-25 06:10

Newly-leaked documents show the global software giant knew it was dealing with the Guptas more than a year before the #GuptaLeaks allegations emerged.

Transnet bosses liable for rail deal losses, probe concludes

2018-06-21 16:05

Top officials of Transnet should be liable for losses suffered from allegedly irregular and unlawful contracts when it agreed to buy 1 064 locomotives, an investigation concluded.

Why Transnet board committee's Iqbal Sharma must be prosecuted - report

2018-06-19 12:51

Iqbal Sharma, chairperson of the Transnet board's acquisitions and disposals committee had a conflict of interest in the tender to build 1 064 locomotives, according to a report by MNS Attorneys.

Best of City Press: Calls to charge Molefe and Gupta generals, Mahumapelo Jr’s R1m bursary, and even more Gupta collusion

2018-06-17 18:13

In case you missed it, these are some of the best-read stories from City Press on Sunday, 17 June.

Transnet must 'lay criminal charges against Molefe', other Gupta generals - damning report

2018-06-17 06:04

A damning draft report recommends that Transnet lay corruption charges against four key players in state capture: its former group chief executive Brian Molefe, former chief financial officer Anoj Singh, board subcommittee chairperson Iqbal Sharma and Gupta lieutenant Salim Essa.

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