Transnet has hired Werksmans Attorneys to help its board probe allegations of corruption linked to a 2014 programme to buy more than 1,000 locomotives. The investigation will include a review of whether the state-owned company was overcharged for locomotives, whether the firm followed its own procedures and examine comparable pricing, CEO Siyabonga Gama told reporters on Monday. The process will take about three months, he said. The amaBhungane Centre for Investigative Journalism and Scorpio, the Daily Maverick news website’s investigative unit, reported in June that the Gupta family, who are friends with President Jacob Zuma and in business with his son, entered into a R5.3bn of kickback agreements with a unit of China South Rail, which was selected to supply 359 of Transnet’s 1,064 new locomotives. The story cited leaked e-mails. Bloomberg has not been able to independently verify the information and a spokesman for the Guptas did not respond to questions at the time. The report f...

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