South Africa's freight and logistics SOE. The 1064 locomotive procurement was inflated by billions and used as a vehicle for state capture kickbacks.
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State-Owned Enterprise
Transnet
R801.0 billion
total financial exposure
South Africa's freight and logistics SOE. The 1064 locomotive procurement was inflated by billions and used as a vehicle for state capture kickbacks.
Case themes
R500.0 billion
MixedR100 billion (annual economic cost)
Economic ImpactR100+ billion (aggregate SOE capture under Gigaba-appointed boards)
MixedR54.0 billion
Contract ValueR47 billion+
Economic Impact