Johannesburg - Acting Transnet CEO Mohammed Mahomedy has detailed how former Transnet executives disregarded procurement procedures to award contracts worth millions of rand.
Mahomedy was appointed as acting Transnet acting CEO earlier in April and appeared at the Zondo commission on Wednesday.
When the new Transnet board took over in early 2018 it took a decision to review various contracts that were awarded under the previous leadership.
Mahomedy said they found irregularities regarding procurement practices in a number of contracts. The infamous China South Railway contract to supply over a thousand locomotives, contracts involving Gupta-linked Regiments Capital and Trillian Capital, the Neotel deal and the Durban relocation deal were just some of the contracts which were reviewed.
Mahomedy said governance procedures were often ignored in the awarding of contracts. Procurement regulations which govern how state-owned enterprises should procure services are required to be followed.