Transnet in spat with auditors over irregular expenditure
The controversial locomotive tender is included in the reporting period, which accounts for the figure ballooning to R49bn from R8bn
30 September 2019 - 13:40
State-owned utility Transnet is embroiled in a spat with it auditors over items in its R49bn irregular expenditure reported in its 2019 financial year, acting group CEO Mohammed Mahomedy said on Monday.
Transnet, which reported a strong increase in its post-tax profit for the year to end-March of R6.05bn from R4.9bn, has increased its reported irregular expenditure, with deals before 2015 falling into the definition...
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