Showers early. More sun than clouds. Cool.
Francis Callard was testifying for a second day at Singh's disciplinary hearing.
Former Transnet Engineer, Francis Callard, appeared near to tears as he concluded three days of testimony about irregular procurement processes at the commission of inquiry into state capture.
Global consulting firm McKinsey & Co did not fully understand its mandate when it was brought in to strengthen the business case for Transnet to acquire 1064 locomotives, a former Transnet official has said.
Former Transnet electrical engineer Francis Callard resumed his testimony at the state capture inquiry on Monday. Watch live.
Former Transnet engineer Francis Callard again told the commission of inquiry into state capture that he could not understand why yen was used to estimated the base cost for 100 Chinese-built locomotives.
Advanced payments for 1 064 locomotives to be acquired by Transnet, cost it R7.37bn and forced the state entity to increase its foreign borrowings to finance the acquisition, the state capture commission heard.
The procurement of 100 locomotives from China South Rail was flawed and resulted in excessive costs to Transnet, the state capture inquiry heard.
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