Transnet moves to blacklist seven companies over fraud and corruption

By Thapelo Molefe

Transnet Port Terminals (TPT) has applied to the National Treasury to blacklist seven companies implicated in fraud, bribery, theft, and other forms of corruption following forensic investigations supported by the Special Investigating Unit (SIU).

According to a statement issued on Thursday, the investigations uncovered a range of irregularities involving the companies, including financial misconduct, kickback schemes, bribery, theft of company assets, collusion, and the submission of false information.

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The companies are to be placed on the National Treasury’s list of restricted suppliers, preventing them from doing business with Transnet, Transnet Port Terminals, and other public entities for 10 years.

TPT Chief Executive Jabu Mdaki said the entity was committed to maintaining high standards of governance and accountability.

“Unlawful conduct will not be tolerated under any circumstances,” said Mdaki.

He added that TPT had also instituted