State-owned freight logistics utility Transnet received yet another qualified audit for its 2018/19 financial year and also announced a dramatic rise in irregular expenditure to R49-billion, after locomotive contracts valued at R41.5-billion where added to the figure, which stood at R8-billion at the end of March 2018. Acting CEO Mohammed Mahomedy stressed, however, that all the locomotives contracts included in the irregular-expenditure amount had been concluded prior to 2015, while the vast majority of the additional irregular-expenditure reported had not occurred during the year under review.
