The role of Transnet's treasury division was 'highly diluted' when the state-owned company was negotiating its controversial procurement of 1‚064 locomotives in 2014 , StateCaptureInquiry hears
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Testifying the the state capture inquiry on Thursday‚ former Transnet group treasurer Mathane Makgatho said she felt her presence was not welcome at meetings to discuss the financial aspects of various entities which submitted bids for the multibillion-rand deal. "I didn’t understand why for such a big and risky procurement event‚ an instruction would be given that I should not enter the data room. I politely told him [the colleague] that I would assume that I did not hear what he told me and I spent the entire week at the data room‚" she said."As I was moving from one bidder to the next‚ I realised some commonality in two or three of the bidders... There was something similar‚ similar from a BEE perspective. It was a red flag for me.
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My presence was not welcome‚ former Transnet treasurer tells state capture inquiryThe role of Transnet's treasury division was 'highly diluted' when the state-owned company was negotiating its controversial procurement of 1‚064 locomotives in 2014 , StateCaptureInquiry hears
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My presence was not welcome, former Transnet treasurer tells Zondo inquiryStateCaptureInquiry 'As I was moving from one bidder to the next, I realised some commonality in two or three of the bidders... There was something similar, similar from a BEE perspective. It was a red flag for me.'
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My presence was not welcome, former Transnet treasurer tells ZondoBidders had the same BEE partners, which were red flags, Mathane Makgatho testifies
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State capture inquiry told of Gupta-linked company's controversial proposals to TransnetFormer Transnet group treasurer Mathane Makgatho has told the state capture inquiry of four controversial unsolicited proposals that arrived on her table from Gupta-linked company Regiments ahead of the state-owned company's contentious procurement of 1,064 locomotives in 2014.
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State capture inquiry: Transnet lost almost R1bn in locomotive tenderTransnet lost out on hundreds of millions of rands due to a controversial 2015 decision to swap interest fees on a multi-billion rand loan to finance the state-owned enterprise's procurement of 1,064 locomotives.
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