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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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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