Transnet reports R49bn in irregular expenditure

Transnet has released its annual numbers and while revenue is up a tepid 1.6% the group has posted a 25% jump in profit. The stand-out figure however is the R49 billion in irregular expenditure that has been flagged by its auditors. Transnet's Acting Group Chief Executive, Mohammed Mahomedy joined Business Day TV to discuss the numbers and what it speaks to moving forward.