As part of its intensified drive to combat fraud, theft and corruption across its business, State-owned Transnet Port Terminals (TPT) says it has successfully applied to the National Treasury for the blacklisting of seven companies implicated in serious unethical and unlawful conduct.
This follows forensic investigations supported by the Special Investigating Unit (SIU), which uncovered a range of irregularities, including financial misconduct, kickback schemes, bribery, the theft of company assets, collusion and the submission of false information.
“TPT remains committed to upholding the principles of good governance and conducting its business with the highest standards of integrity, transparency and accountability. Unlawful conduct will not be tolerated under any circumstances,” says TPT CE Jabu Mdaki in a media release.
He adds that blacklisted companies would be restricted from doing business with TPT, Transnet and other public entities for the next ten years following their inclusion in the National Treasury list of restricted suppliers.
TPT says it has also instituted disciplinary action against employees who are believed to have colluded with the seven blacklisted companies.
