Corporate Affairs

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    UAV without conventional flaps, ailerons or elevators takes flight

    British major aerospace and defence group BAE Systems (BAES) announced on the first day of this month that its MAGMA unmanned aerial vehicle (UAV) had become the first aircraft ever to be manoeuvred in flight using “blown air”. The MAGMA has been designed and developed by University of Manchester researchers and BAES engineers, with the test flights taking place from Llanbedr Airfield in north-west Wales.

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    Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission

    Transnet acting CE Mohammed Mahomedy continued his testimony at the Zondo commission of inquiry into State capture on Thursday, further detailing how the State-owned entity was bleeding billions of rands as a result of irregular contracts and interest …

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    Mahomedy tackles locomotive costs, interest rate swaps at Zondo Commission

    Transnet acting CE Mohammed Mahomedy continued his testimony at the Zondo commission of inquiry into State capture on Thursday, further detailing how the State-owned entity was bleeding billions of rands as a result of irregular contracts and interest …

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    Transnet CEO tells Zondo Inquiry of irregularly awarded contracts

    Transnet’s acting group chief executive, Mohammed Mahomedy, on Wednesday told the Zondo Commission that a review of tender documents by Transnet’s new board revealed that several contracts at the state-owned freight operator had been entered into irregularly.  Mahomedy was acting CFO at Transnet before being shifted to his current role in May last year following allegations of numerous costly scandals involving former executives at the organisation. 

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    Transnet CEO tells Zondo Inquiry of irregularly awarded contracts

    Transnet’s acting group chief executive, Mohammed Mahomedy, on Wednesday told the Zondo Commission that a review of tender documents by Transnet’s new board revealed that several contracts at the state-owned freight operator had been entered into irregularly.  Mahomedy was acting CFO at Transnet before being shifted to his current role in May last year following allegations of numerous costly scandals involving former executives at the organisation. 

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    Egypt’s Sisi opens huge suspension bridge over the Nile

    Egyptian President Abdel Fattah al-Sisi on Wednesday opened a suspension bridge over the Nile touted as the world’s widest, one of a series of military-led, megaprojects designed to improve infrastructure and provide jobs. The bridge, which crosses the…

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    Egypt’s Sisi opens huge suspension bridge over the Nile

    Egyptian President Abdel Fattah al-Sisi on Wednesday opened a suspension bridge over the Nile touted as the world’s widest, one of a series of military-led, megaprojects designed to improve infrastructure and provide jobs. The bridge, which crosses the…

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    Not all deals at Transnet went through prescribed processes – acting CEO

    Not all transactions at State-owned logistics company Transnet were handled in compliance with stipulated processes, acting CEO Mohammed Mahomedy told the commission probing graft on Wednesday. “What we found was that certain transactions were approved through normal processes and some of the transactions did not go through governance processes prescribed,” Mahomedy told the Zondo commission into State capture, citing the example of the overturned appointment of phone company Neotel as a service provider in 2013.

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    Not all deals at Transnet went through prescribed processes – acting CEO

    Not all transactions at State-owned logistics company Transnet were handled in compliance with stipulated processes, acting CEO Mohammed Mahomedy told the commission probing graft on Wednesday. “What we found was that certain transactions were approved through normal processes and some of the transactions did not go through governance processes prescribed,” Mahomedy told the Zondo commission into State capture, citing the example of the overturned appointment of phone company Neotel as a service provider in 2013.

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    Durban car terminal achieves a new milestone

    The Durban Car Terminal has broken a South African record, handling over 500 000 fully built units (FBUs) in the 2018/19 financial year. “A combination of a shift in the operating model, improved planning, dedicated operational teams and collaboration with customers and shipping lines have seen the terminal exceed its annual average of 480 000 FBUs,” Transnet Port Terminal GM for bulk, breakbulk and car operations Amanda Siyengo said in a release published on Wednesday.

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