Ex-CEO Gama tells Zondo he did not know about all Trillian's loan deals with Transnet

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Siyabonga Gama
Siyabonga Gama
Salomé Fischer

In a brief afternoon session of the Zondo Commission on Friday, former Transnet group CEO Siyabonga Gama said he was not, and could not have been, aware of all the loans Transnet had in its book, particularly those it had with Trillian leading the arrangements.

The line of questioning from commission evidence leader advocate Anton Myburgh focused on lucrative contracts at Transnet for the provision of locomotives as well as companies linked to the Gupta family that received massive paydays from such contracts.

Trillian formed one third of a trifecta of companies, including McKinsey and Regiments Capital, which were able to amass amounts of more than R3 billion in contracts they received from Transnet, often with no evidence of any work done.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.13
-0.0%
Rand - Pound
19.92
-0.0%
Rand - Euro
17.16
-0.0%
Rand - Aus dollar
11.00
-0.0%
Rand - Yen
0.13
-0.0%
Gold
1,843.76
0.0%
Silver
27.42
0.0%
Palladium
2,894.50
0.0%
Platinum
1,229.50
0.0%
Brent Crude
68.71
+2.5%
Top 40
60,573
+0.6%
All Share
66,598
+0.7%
Resource 10
69,386
-0.1%
Industrial 25
83,277
+0.9%
Financial 15
12,685
+1.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1453 votes
No, I did not.
52% - 3625 votes
My landlord refused
27% - 1925 votes
Vote