Fin24

Transnet reinstates Gama

2011-02-23 19:36

Johannesburg - Siyabonga Gama has been reinstated to the executive committee of Transnet Limited following a review of his dismissal for certain governance breaches, the transport parastatal's board announced on Wednesday evening.

It said he had returned to the company with effect from today and would be based in the chairperson's office until the new group chief executive finalised the makeup of his executive team.

"The terms of the agreement are confidential. This is in line with Transnet's policies governing employer/employee relations," the board stated.

It said: "Mr Gama's reinstatement is subject to a final written warning, given the fact that Mr Gama was not found guilty of corruption and/or dishonesty. The board is of the view that such an agreement is in the best interest of the company.

"The board believes the settlement brings finality to this matter and would bring to an end the harmful publicity surrounding it.

"As a result of the agreement, Transnet management can focus all its time and efforts in keeping Transnet a world class operation," the Transnet board stated.

"Finally, the board mandated Mr Mafika Mkhwanazi, the chairperson of the board, to handle the Gama matter to its conclusion. This includes facilitating the cultivation and maintenance of cordial relations between Mr Gama, his colleagues in the executive committee and the rest of Transnet's employees.

"Mr Gama has affirmed his support to the management of Transnet under the leadership of the new group chief executive, Mr Brian Molefe," the board said.

The former freight rail chief executive at the parastatal, tipped at one stage to be the group CEO, Gama was found guilty in June last year of a serious breach of governance requirements in relation to two procurement contracts.

He was suspended in 2009 to face charges related to the allocation of a contract to refurbish 50 locomotives to Sibanye Trade Services, which allegedly lacked experience in the renovation of locomotives.

Gama, who had the authority to sign off on contracts worth less than R1m, also allegedly awarded a R19m contract to a security firm with alleged links to former communications minister Siphiwe Nyanda.

Comments
  • TWOZOTS - 2011-02-23 20:24

    Well better getting 2 CEOs to do the same job than one at twice the price....at least one of then knows which end a train pulls from...hahahah...

  • GMAN - 2011-02-23 21:16

    I wonder how this is possible. When I worked for Spoornet and was part of the team that implemented delegation and signing authority the CEO could only approve R10million. Now I ask if the acting CEO of Transnet had an issue with this, why did how could this be wrong. According to the implementation procedures and the delegation and signing authority of Transnet there must of been something we do not know about. I dont believe that Transnet would have giveen a CEO a delegation of authority for the amount of what Zama authorized as it would have been signed by the BOD. I wonder if the CFO of Transnet Rail can answer those questions as he is the one in control of GOVERNANCE not true. How can you actually blame Chris Wells for taking action against Zama. You fired a Zandile Jakavula for purchasing a house that he could only purchase via Transnet Housing. I dont hink he was guilty but now you bring back a person who signed a contract exceeding his delegation if authority? THIS IS WRONG, VERY WRONG. Is this the ANC I once belonged to? What about the freedom charter and everything it stands for? Where is the principles I fought for? You might as well left the NP in charge.....

  • John Baptist - 2011-02-23 21:39

    Good to know that corruption is encouraged and accepted now as part of our culture. Sure he'll add a lot of value after deducting what he steals

  • terry usher - 2011-02-23 22:06

    eish! a 'world class organisation'??? I like it!!! we need more of them!

  • david - 2011-02-24 05:25

    I am not a fan of ex Acting CEO Chris Wells(I worked with him.However,I believe the disciplinary process with Mr Gama was transparent and legally correct. The reinstatement is another expression of the ANC's total disdain for legal and moral principles. The current ANC model is a disgrace to its founders and former leaders. It is inept,negligent,irresponsible,often lawless and corrupt.

  • martin albert - 2011-02-24 06:46

    This gov is never going to get serious about corruption. Gama Sibanya and Nyanda are laughing all the way to the bank at taxpayers expense. Do you know how much gravy is going to be mopped up with a R500b expansion. I am afraid to say that the ANC cadre are nothing more than a bunch of pigs at the trough.

  • Kelehychoamma - 2011-02-24 07:21

    hi, new to the site, thanks.

  • Jaco - 2011-02-24 08:08

    Good move...the man was never guilty in the first place!

  • Lukas - 2011-02-24 08:18

    Harmfull publicity? hahahaha. The return of Gama stinks and is far more stinking publicity. It is so great to be connected. It doesn't matter what you do or how badly you screw up you'll always bounce back.

  • Fred - 2011-02-24 08:18

    This must be a serious blow to the aspirations of our corrupt comrades. Normally when your failings are exposed you get promoted to where you can do even more damage, now this poor fellow is just going back to his old job. I'm sure he was expecting a ministerial position. Shame !!!!!

  • Lesley - 2011-02-24 08:53

    He is a loyal ANC cadre who is used to the high life and therefore they will make sure that he continues to do so.

  • mshayafe - 2011-02-24 09:03

    welcome back Gama

  • JJ van Rensburg - 2011-02-24 09:59

    So - all this bog talk about upgrading, who gets to sit in which chair, how much these people in high places get eery month, not to mention their many millions "performance bonuses," but where do we Sporie pensioners fit into the picture? What has been done to ease our financial burdens - mere crumbs falling from the bog bosses' tables - let those same 'big shots' try to eke out a living on around R1500 or less a month... Just asking, although I really don't expect any answers, let alone any miracles...

  • madodenzani - 2011-02-24 21:31

    Isina muva liyabukwa

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