South Africa’s Transnet investigating suppliers for kickback payments: CEO

0
470
Then Public Enterprises Minister Malusi Gigaba (middle) cuts the ribbon at the unveiling of Transnet's latest ship-to-shore cranes at Durban Container Terminal. With him are Karl Socikwa, chief executive of Transnet Port terminals, and Brian Molefe, chief Executive of transnet. This photo was published 14 May 2013. Photo courtesy Puri Devjee/IOL:

JOHANNESBURG (Reuters) – South African transport utility Transnet is investigating its suppliers for kickback payments to third parties, the company’s chief executive Siyabonga Gama told reporters on Monday.

Allegations of corruption in state firms escalated this year after local media reported on more than 100,000 leaked emails and documents which they say show influence-peddling in the issuing of lucrative tenders.

Reporting by reporting by Tanisha Heiberg; Editing by TJ Strydom and Toby Chopra

SHARE
Previous articleBritain’s Spire rejects 1.2 bln stg Mediclinic offer, shares soar
Next articleFCMB Group enters deal to buy additional 60 pct stake in Legacy‍​ Pension Managers
Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.