It's interesting how Media ignored Ex-Transnet CEO, Siyabonga Gama's Testimony which exposed how Maria Ramos and Pravin Gordhan gave Kumba Iron Ore a corrupt 23 Year Export Tender at Transnet which makes Transnet loose R80 Billion while Kumba got R45 Billion but reported on Norma
This Export Contract worth R80 Billion was signed by Maria Ramos as Transnet CEO in 2005 and will be expiring in 2028 and gives Kumba Iron Ore 78% ownership of this deal. Kumba Iron Ore is owned by Anglo American which was owned by The Oppenheimer Family for 90 years since 1917.
This contract allows Kumba Iron Ore to pay the lowest rates in the world at R0.12 cents per ton/km to haul Iron Ore for Kumba from Sishen to Saldanha. Which meant, for 861 km trip Kumba pays R111 while it's competitor working with Transnet pays R149 for each ton/km haul Iron Ore.
This Contract costs Transnet an estimated tonnage of R35 Million to R45 Million a year, Transnet has been suffering an estimated negative R 2 Billion a year and an actual loss of R 4 Billion which accumulated to an estimated R 80 Billion for the contract period ending in 2028.
In 2013, Kumba Iron Ore (Kumba) agreed that it's rate were exorbitant and needed to be adjusted because they constrained Transnet's fiscus and charge the same as Assmeng. However when the negotiations begun in 2018 under Gama, Kumba refused to accept the negotiations terms.
Kumba Iron Ore was a State Owned Company (SOE) called ISCOR which was 50% owned by Jews from Israel of Histadrut before FW De Klerk sold it to the Oppenheimer Family thus more than 69% of Kumba Iron Ore is owned by Anglo American in 2021. Remember Israel funded Apartheid Regime
Kumba earns R20 billion per annum from this deal and Kumba's earning before Tax in December 2020 increased to R45.8 Billion a 57% Increase from 2019 through looting Transnet. If this was a Black Company or linked to Guptas, Media would run a frenzy but it's Whites so it's ignored
You can follow @SuperiorZulu.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled: