Cosatu’s investment arm, Kopano Ke Matla got a share from a fraudulent R657m windfall that Transnet paid to China North Rail (CNR) consortium to manufacture some locomotives for the utility.  Kopano Ke Matla, Makana Investment Corporation and  Linotando Investment each held a 20% stake at CNR Consortium, while Global Railway Africa and Cadiz Corporate Solutions each held 10%, Azon Rail 13.33% and 6.67% for Mmpumelelo Julius Nobande. Cadiz Corporate Solutions executive Roberto Gonsalves, testifying before the commission of inquiry into state capture on Thursday, explained how the consortium was paid millions in relocation costs, which it was not entitled to, by Transnet. The consortium had entered into an agreement with Transnet on March 17 2014, for the supply of 232 of the 465 diesel locomotives, at a contract price of R42m per locomotive. The total cost added up to R9.7bn. Transnet paid the consortium R657.18m in relocation costs, according to a report by Fundudzi Forensic S...

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