BusinessLive reports that Transnet CEO Siyabonga Gama and two other senior officials have been served with notices of intention to suspend them from the state-owned transport and logistics company.
The notices were served by the board on Wednesday. The other two officials are chief procurement officer Thamsanqa Jiyane and supply chain manager Lindiwe Mdletshe. The three have been implicated in investigative reports regarding allegations of violating the Public Finance Management Act (PFMA); serious breaches of statutes, regulations and corporate governance; and unlawful conduct in relation to Transnet's questionable procurement of 1,064 diesel and electric locomotives. Gama, Mdletshe and Jiyane have been given an opportunity until Monday, 20 August to give the board reasons why they should not be suspended
- A short report by Genevieve Quintal and Natasha Marrian is at BusinessLive
- See too, Monday deadline for Transnet CEO, two other execs facing suspension, at Fin24
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