Johannesburg - Former Transnet CEO Brian Molefe has remained a key player in the irregularities exposed at the Zondo commission with investigators reporting that he violated regulations in approving the price of the tender of a locomotive which saw the price increase from R38,9 billion to R54 billion.
Tshiamo Sedumedi from MNS Attorneys continued with his testimony on Wednesday, giving details about his law firm's investigation into contracts awarded by Transnet.
He explained that the investigation focused on four contracts related to the acquiring of locomotives. MNS was appointed by Transnet’s previous board and concluded their investigations last year.
Sedumedi explained how Transnet’s tender to procure over a thousand locomotives ballooned from about R38 billion to R54 billion.
He said that Transnet violated its own rules and regulations firstly in changing the cost method used to price the costs of the locomotives. This resulted in the price changing over the approved amount. The minister of public enterprises had approved the first amount of R38 billion.