« Adcock Ingram aims to complete BEE deal by June | Main | Debt-heavy BEE companies face a financial 'perfect storm' »
March 10, 2009
Transnet corruption damages rail deal
Transnet cancelled a tender to buy 212 locomotives for R6.5 billion because it believed there was a corrupt relationship between one of its officials and one of the directors of Electro-Motive Sibanye, the preferred bidder, according to papers filed in the Johannesburg High Court.
Electro-Motive Sibanye is a joint venture between Sibanye Trade & Services (STS) and Electro-Motive Diesel and Locomotive Company (EMD), which is based in the US.
Posted by StaffWriter at March 10, 2009 8:06 AM