Brian Molefe blasted for inflating locomotive prices at Transnet
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Johannesburg - Former Transnet group chief executive Brian Molefe has admitted that the rail freight company agreed to pay more than R54.5Â billion to procure 1Â 064 locomotives but had failed to legally obtain government approval.
The amount was also R16bn more than the original price of R38.6bn agreed to by the Transnet board in April 2013.
These were the shocking revelations made by evidence leader Advocate Anton Myburgh during the third day of Molefeâs testimony when he was replying to allegations of fraud and corruption while he was at the helm of Transnet from February 2011.