Treasurer who stood up for toxic Transnet feared for her life

Loading player...
Mathane Makgatho, the former Transnet Treasurer told the Zondo Commission that she eventually resigned in 2014 from the state-owned enterprise because she felt her life was at risk and with four young children, she could not play Superwoman. She told the commission that several other officials at the Transnet followed her because of the toxic environment created by her bosses Brian Molefe and Anoj Singh who saw the straight-talking Makgatho as an obstacle to their pact with the Guptas to loot Transnet. Despite trying time and time again to prevent Regiments, a Gupta-linked firm from becoming involved in securing a $2.5 billion loan from the China Development Bank for the purchase of new locomotives, which she believed Transnet was more than capable of doing itself; she could not convince Transnet’s managers. She was made to believe Taiwanese mafia were involved in the deal. The article was republished with permission from the Daily Maverick. - Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
11 Jun 2019 3AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Record FSCA fines; New police bosses; US-China AI rivalries; Trump warns Iran

In today's episode, we cover South Africa's crowning as Africa's ransomware capital and the FSCA's record R2.8 billion in fines, including action against the Banxso deepfake scam. We also discuss the appointment of seasoned provincial police commissioners and new anti-corruption progress. Globally, we unpack President Trump's tariff lawsuits, OpenAI's security…
3 Aug 11PM 14 min

Dr Lennit Max: Non-racial, merit-based appointments of four new police commissioners

In his latest interview with Chris Steyn, former Western Cape Provincial Police Commissioner, Dr. Lennit Max hails the appointments of four new provincial commissioners. “This time around I am very pleased that the Acting National Commissioner in her wisdom decided that there's merit among people of colour.” He points out…
3 Aug 8AM 33 min

BN Daybreak: SA corruption probes; Trump’s Iran pause; SpaceX upcoming earnings, FIFA backlash

Today's BizNews Daybreak examines Japan’s US-coordinated currency intervention, OPEC+ production increases, and energy lobby opposition to US biofuels legislation. South Africa’s corruption commission delivers unprecedented accountability, while Donald Trump pauses planned Iran strikes pending rapid talks. Meanwhile, the S&P 500 opens at 7,489 and SpaceX prepares for a high-stakes earnings…
2 Aug 11PM 13 min