Transnet suspends 4 executives

Transnet announced on Friday afternoon that it has suspended four executive committee members with immediate effect.

"Transnet is a business in transition. The primary aim being to restore confidence and deliver on our mandate. We therefore need to be deliberate about improving our corporate governance and establish leadership - informed by principles of integrity and accountability," Transnet said in a statement.

"The journey also involves taking difficult decisions with the view to restoring confidence on Transnet. To this end, four of our executive committee members have been suspended, effective today."

The following executives suspended on Friday are:

  • Nonkululeko Sishi, the group human resources officer;
  • Mlamuli Buthelezi, the group chief operating officer;
  • Ravi Nair, the chief executive: Transnet Freight Rail;
  • Shulami Qalinge, the chief executive: Transnet National Port Authority

Transnet said it is of the view that their continued presence in the workplace has the potential to jeopardise investigations into their alleged misconduct.

"Given the position they occupy it is almost impossible to investigate the allegations while they are at work. It is in the best interest of Transnet that they be placed on suspension on full pay with full benefits," Transnet said in the statement.

"Transnet encourages all employees to work together to make Transnet great again. Our engagements need to be based on principles of service and integrity so that we are able to deliver upon our mandate to South Africa."

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Rand - Dollar
16.26
-0.0%
Rand - Pound
19.72
+0.5%
Rand - Euro
16.73
+0.2%
Rand - Aus dollar
11.53
+0.1%
Rand - Yen
0.12
+0.4%
Gold
1,789.05
-0.0%
Silver
20.32
+0.1%
Palladium
2,270.50
-0.9%
Platinum
953.50
-0.8%
Brent Crude
99.60
+2.2%
Top 40
64,172
-0.7%
All Share
70,885
-0.5%
Resource 10
64,298
-2.4%
Industrial 25
86,759
-0.4%
Financial 15
16,088
+0.8%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders