BusinessLive reports that Transnet CEO Siyabonga Gama and two other top executives have been given an extension until next Tuesday to provide reasons to the board as to why they should not be suspended.  

The new board headed by Popo Molefe has been in place for 11 weeks.  Among the first things the board did was to issue Gama and two other executives, chief financial officer Thamsanqa Jiyane and supply chain manager Lindiwe Mdletshe, with letters warning them of their pending suspensions.  The three are implicated in a raft of reports on mismanagement and corruption at Transnet.  Molefe said the executives had asked for extra time and the board had agreed.  Gama began a presentation to MPs on Transnet’s internal corruption probe on Wednesday, but was stopped when ANC and DA portfolio committee members objected.

• Read this report by Carol Paton in full at BusinessLive

Get other news reports at the SA Labour News home page