More culprits added to Transnet corruption case
South African prosecutors added McKinsey and a former partner at its local office to a corruption case against former leaders of Transnet.
South African prosecutors added McKinsey and a former partner at its local office to a corruption case against former leaders of Transnet.
Beleaguered state-owned Transnet is fast becoming South Africa’s next Eskom, says the African Rail Industry Association’s Mesela Nhlapo.
Former Transnet executives Brian Molefe and Anoj Singh plan to plead not guilty to a host of fraud and corruption charges following their arrest on Monday.
Zondo’s latest report on Transnet is a sordid tale of corruption and money laundering detailing how the Guptas and their cronies made off with at least R41.2bn.
Anoj Singh, ex-chief financial officer of Transnet wielded power over executives, ordering them to astronomically inflate locomotive prices.
Following a disciplinary hearing, the SAICA has excluded Anoj Singh as a member, the committee finding him guilty on 12 of the 18 charges against him
Molefe was also looked after by former president Jacob Zuma, who had plans to install him as finance minister. This is an excellent overview of the latest developments in the life of Brian.
These executives – who all served time as SA’s state-owned enterprises – have been exposed in a Treasury report for hollowing out SOEs.
SAICA is charging former Eskom CFO Anoj Singh with misconduct following a R600 million payment to Tegeta Resources.
The suspended chief financial officer of South Africa’s cash-strapped power utility resigned a day before he’s due to face a parliamentary inquiry on mismanagement of funds.