Industrial | Fin24

Court papers show Transnet executives 'colluded fraudulently'

Nov 13 2018 07:02

Court papers filed by Transnet to recoup R189m in inflated payments to Gupta-linked Regiments Capital have revealed collusion by senior executives of the state-owned firm.


Transnet wants former executives, Gupta-linked company to pay back the money

Nov 12 2018 20:33

Transnet has started court proceedings to recoup R189m from its former executives and a Gupta-linked financial services company Regiments Capital over for inflated payments in the acquisition process of locomotives by the state-owned firm.


Zuma would not hear of any other candidate for Transnet job, except Gama - Hogan

Nov 12 2018 14:53

Former President Jacob Zuma has insisted on appointing Siyabonga Gama as head of the Transnet against the recommendation of the company’s board, says former Public Enterprises Minister Barbara Hogan.


New bill will help solve Road Accident Fund's financial woes – Nzimande

Nov 08 2018 21:31

The Road Accident Fund has been insolvent for a 'considerable amount of time' but the Road Accident Benefit Scheme Bill - yet to be promulgated - may help, says Transport Minister Blade Nzimande.


Gautrain seeks R4bn for new trains

Nov 08 2018 06:31

Gautrain is is seeking R4bn to increase its number of trains by 50% ahead of a potential expansion to other parts of Johannesburg and Pretoria.


Nzimande: We're not scrapping e-tolls, and they're not just a Gauteng issue

Nov 08 2018 06:58

Government is not scrapping e-tolls, but there have been proposals to increase fuel levies to cover the debt of construction, Transport Minister Blade Nzimande has said.



New breakthrough for car batteries set to lower cobalt use

Nov 06 2018 21:43

The scientist-turned-entrepreneur behind a battery technology adopted by chemical giants BASF SE and Johnson Matthey is back with another invention - one he claims will boost electric vehicle performance for years to come.


Ramaphosa: African Union wants SA to manufacture trains for the continent

Nov 06 2018 16:22

President Cyril Ramaphosa has called for all stakeholders, including opposition parties, to bring forward ideas for developing an integrated transport system.

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