Not all deals at Transnet went through prescribed processes – acting CEO

World News: . []

Not all transactions at State-owned logistics company Transnet were handled in compliance with stipulated processes, acting CEO Mohammed Mahomedy told the commission probing graft on Wednesday. "What we found was that certain transactions were approved through normal processes and some of the transactions did not go through governance processes prescribed," Mahomedy told the Zondo commission into State capture, citing the example of the overturned appointment of phone company Neotel as a service provider in 2013.

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