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Fin24 reports that Transnet CEO Michelle Phillips told MPs on Tuesday that the company had initiated disciplinary action against 11 executives at the Transnet National Ports Authority (TNPA), plus CEO Pepi Silinga, who has been suspended from his position since March.
Phillips was briefing Parliament's standing committee on public accounts (Scopa) on Transnet's financial performance for 2023/24. Silinga was suspended following a forensic report into the award of a tender for the multipurpose terminal at the Port of Ngqura that had been flagged by a whistleblower. Before his suspension, Silinga himself had been investigating corruption at the TNPA. Phillips said that Bowmans had been asked to investigate all the allegations. "There were matters that Silinga and some members of this team were alleged to have been involved in, and then there were also matters that Silinga was investigating. Bowmans found the allegations were founded in both instances and referred it to the board for a decision." Phillips took over as acting CEO of Transnet last October following the abrupt departure of former CEO Portia Derby. A new board, appointed in July 2023, appears to have taken on a central operational role at the request of then-Minister of Public Enterprises, Pravin Gordhan. The consequence was much higher board fees and many board meetings over 2023/24.
- Read the full original of the report in the above regard by Carol Paton at Fin24 (registration required)
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