Transnet’s contracts to acquire 1,064 locomotives were “unlawful and irregular” from the beginning and action has to be taken about this violation of the law, chair of the state-owned freight, rail and logistics group Popo Molefe insisted in parliament on Tuesday. He told parliament’s trade and industry committee that this conclusion is based on continuing investigations. “Major litigation” is expected, he said. Molefe said Transnet will be ready by February 2019 to give a substantive report on action to be taken and what would be a “just and equitable remedy” that will address the de-facto situation as well as the imperatives of Transnet’s business. The company does need locomotives, though possibly not the number contracted. The Transnet board has taken action against the malfeasance in the parastatal, dismissing former CEO Siyabonga Gama, suspending senior executives and issuing summons to recover money lost, including from Gama and former CFO and Gupta ally Anoj Singh. In Novemb...

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