The controversial locomotive tender is included in the reporting period, which accounts for the figure ballooning to R49bn from R8bn
State-owned utility Transnet is embroiled in a spat with it auditors over items in its R49bn irregular expenditure reported in its 2019 financial year, acting group CEO Mohammed Mahomedy said on Monday.
The contract to buy 1,064 new locomotives was one of the main matters at the Zondo commission of inquiry into state capture, and Mahomedy testified there that some members of the previous management were at the heart of dodgy contracts with Gupta-related companies that cost the utility hundreds of millions of rand.
“In recent days, we've had other views supported by National Treasury that it’s not irregular. We could have debated this and taken another month or two to get alignment between Treasury, the auditor-general and the external auditor. We felt it was not worth delaying the issuance of our financial statements,” Gregg-Macdonald said.The R41.
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