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BusinessLive reports that Transnet will be suing its axed CEO Siyabonga Gama for R166m, which the state-owned utility says was an overpayment made to Gupta-linked Regiments Capital.
This relates to a consulting contract awarded to Regiments as part of Transnet’s purchase of R54bn of 1,064 locomotives, which has been the subject of various investigations. International consulting firm McKinsey, which came under fire for the work it did for Eskom with another Gupta-linked firm, Trillian Capital Partners, was also contracted to do work on the locomotives purchase. Gama’s axing came after these investigations found that he, former CEO Brian Molefe and Gupta associates might have acted unlawfully in relation to the purchase of the locomotives. The claim of R166m came to light in an affidavit filed by Transnet board chairman Popo Molefe in response to Gama’s application in the labour court asking for the termination of his contract to be overturned. The embattled CEO also wants the court to find that the Transnet board members, in their personal capacities, are held in contempt of court. The labour court heard Gama’s application on Thursday, but has reserved judgment. Gama was fired from the entity on Sunday before last with six months’ notice. His last day in the office was last Monday.
- Read this report by Genevieve Quintal in full at BusinessLive
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