The witness says though there was a need for an increase in the cost of the controversial ‘1064 locomotives contract’ at Transnet, it should have been at 11% and not 41%, as was the case.
The commission of inquiry into state capture is on Wednesday hearing testimony from expert witness Alister Chabi who co-authored a report into Transnet’s acquisition of 100 and 1064 locomotives.Chabi told the commission that for compiling the report, Mncedisi Ndlovu & Sedumedi attorneys had issued a mandate that the initial cost of the tender for acquiring the 1064 locomotives, which stood at R38.
Chabi summarised the findings of the report ahead of the tea adjournment, saying the variables and assumptions of the initial cost of 1064 locomotives had no issues as it was an “acceptable price” and its estimated total cost was “defensible”.
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