MegaBanner-Right

MegaBanner-Left

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » D-day for Transnet executives

D-day for Transnet executives

Three Transnet executives have until the end of business today to save their jobs or face suspension.

Chief executive Siyabonga Gama, chief procurement officer Thamsanqa Jiyane and supply chain manager Lindiwe Mdletshe have until the end of business today to make submissions on why they should not be placed on suspension.

According to a statement issued by Transnet last week, the trio was issued with suspension notices, notifying them to make written submissions on why they should not be placed on suspension.

This comes after an investigation by Werksmans Attorneys, Mncedisi Ndlovu & Sedumedi Attorneys and Fundudzi Forensic Investigators revealed “various acts of possible misconduct against the three employees”.

Gama specifically is facing allegations that he wrongfully obtained his MBA, with the help of McKinsey, who was at the time a service provider to Transnet.Misconduct identified includes among others contraventions of “the Constitution of the Republic Of South Africa, the Public Finance Management Act, the Preferential Procurement Policy Framework Act and its regulations Transnet’s internal procurement policies in the issuance of the RFPs, the Companies Act & Fiduciary Duties, Improper changing of evaluation criteria and failure to comply with government policy on local content requirements” Transnet said in the statement.

The three are expected to make written submissions by the end of business today, and Transnet will then take a decision on whether to suspend them.

 


 

BusinessReport

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

TNPA inks multi-million rand container handling deal with Grindrod Eyamakhosi JV

Transnet National Ports Authority (TNPA) has signed an agreement with Grindrod Eyamakhosi Joint Venture to develop and operate a container handling facility at the...

TPT up to task as SA’s citrus season gets off to a good start

Transnet Port Terminals’ (TPT’s) container sector has begun handling South Africa’s citrus exports, with a 21% increase in year-on-year volumes handled in April 2025.  Annually,...

MUST READ

Optimise water treatment with fit-for-purpose pumps – Join Verder Pumps SA’s...

UNTREATED wastewater significantly worsens global water scarcity, with around 80% released untreated, and just 8% treated in low-income countries. This leads to contamination, disease,...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.