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Industrial

Report recommends legal action against Transnet executives over locomotives deal

Nov 17 2018 11:12

A probe into allegations of tender irregularities into the procurement of locomotives by Transnet says senior executives “went out of their way” to assist China South Rail to secure the lucrative tender.

Industrial

Lufthansa reduces planned growth for 2019

Nov 13 2018 16:01

Lufthansa Group has achieved EBIT of €2.4bn for the first nine months of 2018 – a 7.7% decline on the prior-year period which is primarily attributable to the integration costs at Eurowings.

Industrial

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.

Industrial

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.

Industrial

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.

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Industrial

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.

Industrial

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.

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