Merely a few days after a derailment in Boksburg occurred and the two trains colliding in the Pretoria station, yet another derailment occurred near Springs. A train derailed at Angelo station near Daveyton and obstructed traffic to and from Springs to Johannesburg. The cause of the derailments is attributed to infrastructure theft worth over R1..
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SA rail transport system plunged into chaos, train derailment and collision often occur due to infrastructure theft
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Why must it always be a black and white thing? – SATAWU strike against salary differences between black and white mariners will shut down Transnet ports across SA
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The South African Transport and Allied Workers Union (Satawu) said on Tuesday its members would shut down the country’s ports on Thursday as part of a strike against salary discrepancies between black and white mariners. Negotiations between the union and the Transnet National Ports Authority (TNPA) collapsed this week. If the strike goes ahead it..
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These are apparently some of the perks of holding an executive position at Transnet – The high life of a Herbert Msagala includes 6 cars, 4 properties and a very posh home even though this state owned entity is bankrupt?
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Forensic report found exec bought six cars – including a Maserati – four properties and a posh home in Steyn City. He bought a top-of-the-range Maserati Coupé, four properties for cash in just seven months and received a fat deposit for his posh house paid for by a service provider. The details of how Herbert..
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Nedbank pockets R780m from the parastatal Transnet -Nedbank is the latest in a long list of private sector companies to be implicated in state capture
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The banking sector will be rocked by allegations of corruption this week, when Transnet tells the commission of inquiry into state capture about Nedbank’s involvement in a controversial deal which saw the bank pocket R780 million from the parastatal. This week, Transnet’s acting chief executive, Mohammed Mahomedy, will appear before the state capture inquiry where..
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Transnet wants to keep R2,5bn Gupta contract after High Court ordered contract to be cancelled – Wonder water favours and gifts are at stake here?
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Transnet intends to disregard the High Court’s court order which ruled that a R2.5 billion contract awarded to T-Systems should be cancelled. The court ruled that the contract should be granted to Gijima Holdings. Transnet has made no effort to comply with the court order and aims to extend T-Systems’ contract for another 12 to..
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The national rail system of SA are in serious trouble – Prasa had nearly 50 collisions last year alone, Transnet had nearly 1,000 collisions – The ANC have some serious explaining to do and this is not Jan van Riebeeck or apartheid’s fault but lack of no maintenance
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Railway engineer and analyst Dr Willem Sprong says the rail network can still be saved, but only just. With only three months left on their contracts, the Passenger Rail Agency SA’s (Prasa) board still has time and money to fix the failing agency. This is according to railway engineer and analyst Dr Willem Sprong, who..
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Former CEO of Transnet is sued for R79 million and he is not bothered at all by the accusations
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For the first time, Transnet has initiated legal proceedings against former chief executive Brian Molefe. In the summons issued against Molefe, Anoj Singh and Regiments Capital, the amount of more than R79 million, plus interest thereon, is claimed. Apparently, the amount of a double payment has been made and claimed back, which is now being..
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Chinese is the new black? – Billion-rand train factory to create hundreds of jobs in Gauteng for Chinese workers
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President Cyril Ramaphosa has officially launched a new multibillion-rand train manufacturing factory at Dunnottar Park in Nigel, Gauteng, during the past week. Dunnottar Park train factory – the facts and figures The 72-hectare site at Dunnottar Park, which cost R1 billion, consists of a Supplier Park and Rail Training School, which will manufacture, assemble, test,..
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And there goes our money, again with a fired Transnet boss will still be paid R3 million for doing nothing
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Despite being implicated in corruption and maladministration within Transnet, Gama’s removal from the company has been downplayed by board members.
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Fired Transnet boss will still be paid R3 million for doing nothing
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Recently fired Transnet CEO Siyabonga Gama will still receive his salary for the next six months despite not having to report for duty. This was confirmed by Transnet board member Edward Kieswetter during an interview with eNCA’s Shahan Ramkissoon. Kieswetter confirmed that although Gama’s contract had effectively been terminated on Monday, the former CEO would..
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Cyril Ramaphosa trying to explain away his conduct for the past few months. Should we really believe you!
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President Cyril Ramaphosa has once again rejected suggestions that China is a new coloniser and that his government has sold South Africa to the country by signing loan agreements for state-owned enterprises (SOEs).
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Transnet:- CEO Gama, two other officials suspended
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Transnet’s board has issued its chief executive, Siyabonga Gama, chief procurement officer Thamsanqa Jiyane and supply chain manager Lindiwe Mdletshe with precautionary suspension notices, the state-owned entity said on Thursday.
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Transnet pensioners dying in poverty
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While the class action lawsuit filed by Transnet pensioners against the state is being drawn out year after year with legal processes, a large number of people are living in destitute circumstances and over the last 60 months, since the lawsuit commenced, nearly 21 000 pensioners and/or their spouses have passed away (that is on..
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New Interim Board Appointed At Transnet after Gordhan removed all remaining directors
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The Department of Public Enterprises has confirmed that a new interim board has been appointed at Transnet.
In a statement issued on Monday night, Public Enterprises Minister Pravin Gordhan announced that he has removed all the remaining Transnet directors with immediate effect and that he’s appointed a new interim board, pending a full appointment, in consultation with Cabinet.
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