Yet another suspension at Transnet over Gupta-linked contracts | Fin24
 
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Yet another suspension at Transnet over Gupta-linked contracts

Oct 31 2018 21:10

Transnet announced on Wednesday that it has suspended its former group supply chain officer Edward Thomas pending investigations into various allegations of misconduct involving a number of contracts.  
 
Transnet said it is currently conducting investigations into allegations of impropriety concerning the role played by some advisors and consultants including Regiments Capital, Trillian Advisory Services, Trillian Capital Partners and Nkonki Inc, in which Thomas is alleged to have "played a role".  
 
Thomas, who is currently group general manager: finance, was informed on 25 October of the company’s intention to suspend him, and was invited to make a written representation as to why he should not be suspended.

Transnet said it has considered his representation and is of the view that he did not provide sufficient reasons as to why he should not be placed on suspension pending the completion of an investigation into these allegations.

Ramosebudi was also issued with a notice of intent to suspend him, but opted to render his resignation.

Transnet said the decision to suspend him comes after an investigation into the company’s procurement of 1 064 locomotives in 2014, where Regiments Capital and Trillian acted as transaction advisors.  
 
Transnet has also terminated the employment of its CEO Siyabonga Gama and placed on suspension the chief procurement officer Thamsanqa Jiyane and supply chain manager Lindiwe Mdletshe.

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transnet  |  siyabonga gama  |  industrial
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