Getting rid of the rot in Transnet

2019-05-02 10:00

The tentacles of state capture spread far and wide within the state-owned transport and logistics company, Transnet. But new management is resolute about cleaning house.

I have my lawyers and nothing to hide, says Brian Molefe on Transnet summons

2019-01-17 19:19

Former Transnet CEO says it is typical of individuals to put together flimsy summonses only to go quiet and non-responsive to them when lawyers reply to the summons.

Prasa board to former acting CEO: Take claims of impropriety to the Hawks

2018-12-19 19:09

Passenger Rail Agency SA’s board has dismissed former acting CEO Collin’s Letsoalo claims that he was targeted for fighting corruption, challenging him to take information of impropriety at Prasa to the Hawks.

Transnet re-opens Saldanha iron ore line early after truck crash

2018-12-10 17:36

Transnet shut down the iron ore plant in Saldanha after a truck collided with a bridge in the facility, which shifted the bridge and "compromised its integrity".

Terms of Chinese loan to Eskom still confidential, says Ramaphosa

2018-09-11 16:16

The president told Parliament that Eskom would not be taken over if it defaulted on its R33bn loan from the Chinese Development Bank.

Transnet vows to probe claims of Gupta-linked Trillian hedging pension funds

2018-08-22 19:39

Transnet has confirmed that some pensioners are getting as little as R140 per month and say they are "working with" the pensioners to address the problem.

Popo Molefe waiting on 'proper response' from Transnet head Siyabonga Gama about suspension

2018-08-20 15:54

Transnet Chairperson Popo Molefe says the group's board expects a 'proper response' from its CEO Siyabonga Gama by Monday afternoon on why he should not be suspended.

Transnet CFO Garry Pita resigns

2018-04-19 18:20

Transnet chief financial officer Garry Pita, who signed off on invoices authorising the state-owned firm to pay R74m to Gupta-linked Trillian Capital Partners, has resigned.

Infrastructure drive or dive?

2017-05-15 09:46

Government has been on a massive albeit struggling infrastructure drive for years, and the recent downgrades by rating agencies will only make the situation worse as parastatals are also affected one by one.

Ultrasonic system saves costs

2011-09-11 16:10

A system preventing trains from becoming derailed has been developed by the Council for Scientific and Industrial Research as a world first.


Chinese company pays R618m back to Transnet, more expected

2019-01-17 20:32

State-owned freight rail company Transnet has been paid back R618m by a Chinese company that it concluded a maintenance deal with in 2016.

Popo Molefe says new board found 'horror show' at Transnet

2019-01-17 09:37

The state-owned freight rail company has issued summons to former top executives implicated in financial mismanagement with a view of recouping some of the squandered money.

Updated: Former Prasa boss wants police to find creator of 'manufactured' AG report

2018-12-17 18:05

Collins Letsoalo says he will lodge a complaint of fraud against a journalist to enable police to investigate who created a "manufactured" auditor general report that he says tarnished his name as a dedicated civil servant.

Transnet treasurer Phetolo Ramosebudi resigns amid 'inside job' allegations

2018-10-25 17:27

Transnet Group Treasurer Phetolo Ramosebudi has resigned with immediate effect, the entity has confirmed.

Transnet appoints Thoba Majoka as acting chief officer for advanced manufacturing

2018-09-10 23:27

The appointment comes after two senior officials were suspended last week.

Transnet board to consider reasons why CEO Siyabonga Gama shouldn’t be suspended

2018-08-22 05:45

The chairperson of the state freight and ports company says its board is considering submissions by three senior officials - including the group's CEO - as to why they should not be suspended.

Gordhan: Gupta-linked Pita's resignation from Transnet 'does not absolve him'

2018-04-19 20:41

The Department of Public Enterprises reacted to the resignation of Transnet's chief financial officer Garry Pita by saying stepping down does not absolve him of accountability for possible wrongdoing.

Transnet CEO: We cancelled contracts with firms at heart of state capture claims

2018-03-14 14:09

Transnet CEO Siyabonga Gama has told Parliament that the state-owned enterprise cancelled contracts with companies that are considered central to the state capture debacle, including Trillian and McKinsey.

Transnet CE made move to block pensioner suit

2014-09-26 15:56

Transnet chief executive Brian Molefe and pension fund trustees made the decision to appeal against an R80bn class action suit by pensioners, parliament has heard.

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