Analysis: The R16bn ‘Gupta premium’ – how the Transnet locomotive acquisition went from R38.6-bn to R54.5-bn

As an object lesson – a case study in the enormous cost of state and corporate corrosion – it is hard to match Transnet’s R54-billion purchase of 1064 locomotives – supposedly needed to meet a rail-freight revival dubbed the Market Demand Strategy (MDS). By Sam Sole and Susan Comrie.