State-owned freight transport and logistics company Transnet says it is responding firmly to allegations of procurement irregularities at the company’s Richards Bay port terminal operations. The company says it is implementing the recommendations arising from an investigation into the alleged procurement irregularities, while further investigations into other matters raised in the preliminary report remain under way.

State-owned freight transport and logistics company Transnet says it is responding firmly to allegations of procurement irregularities at the company’s Richards Bay port terminal…

Placosa has accused Transnet of failing to properly account for alleged procurement irregularities involving R824 million worth of materials-handling equipment contracts at its…