Today's Labour News

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transnetBusinessLive reports that Transnet CEO Siyabonga Gama will hear on Friday whether he will hold on to his R7.6m-a-year job at the state-owned logistics company.  

He approached the Labour Court urgently earlier this week in a bid to stop the Transnet board terminating his contract.  Transnet had given Gama 10 days, until 15 October, to show cause why his contract should not be terminated following investigations that implicated him in misconduct and maladministration in the acquisition of R54bn worth of locomotives.  Gama’s court application to get the notice of termination of his contract withdrawn was lodged on Monday.  Transnet, in argument put to the court, accused Gama of abusing court processes by lodging the urgent application.  "The [court] should be loath to allow a senior employee [on a remuneration package of more than R7.6m a year] to steal an advantage by launching an urgent application and thereby cut the queue of cases pending in this court," Transnet argued.  The company asked the court to dismiss Gama’s application with costs.

  • Read this report by Genevieve Quintal in full at BusinessLive

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