But why did Transnet pay millions to Trillian?
The name of Transnet’s acquisitions and disposals subcommittee chair Stanley Shane does not appear in the State of Capture report
An issue former public protector Thuli Madonsela left as a cliffhanger in her State of Capture report is the R167m Transnet apparently paid Trillian Capital for no services rendered. "I decided to investigate contracts awarded by Transnet to Regiments Capital and Trillian. The investigation into Transnet will however form part of the next phase of the investigation," was all she wrote. Whereas her report expanded on the undeclared conflicts of interest Eskom chair Ben Ngubane and five other board members had with Trillian’s 60% owner Salim Essa, the name of Transnet’s acquisitions and disposals subcommittee chair Stanley Shane does not appear in the report. READ THIS: The Gupta-owned state enterprises Someone involved in Essa’s acquisition of Trillian, who requested anonymity, said: "What is interesting is that Stanley Shane, a director of Integrated Capital Management and Transnet, and another party called Clive Angel called the shots until such a time as to when papers needed to b...
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