How to eat a parastatal like Transnet – chunk by R600m chunk

Sam Sole, Craig McKune, Stefaans Brummer
Picture: Former Transnet CEO Brian Molefe. (Oupa Nkosi, M&G)

Transnet paid more than R600-million to two companies – one linked to the ANC and the other to the Gupta family – by shovelling ever more consulting work their way without a competitive tender.

The state rail company, insiders say, often paid far too much, and for services that could have been performed internally.

The two companies are Regiments Capital and Trillian, a group that emerged out of Regiments.

Transnet allowed the companies to piggyback on a contract they did not bid for.



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