Seven Companies Blacklisted Following Investigation by Transnet Port Terminals

Durban: Transnet Port Terminals (TPT) has blacklisted seven companies implicated in serious unethical and unlawful conduct. This action follows forensic investigations conducted by TPT, with assistance from the Special Investigating Unit, which uncovered financial misconduct, kickback schemes, bribery, theft of company assets, collusion, and the submission of false information. Disciplinary action has also been initiated against officials at the State-Owned Entity (SOE) who were found to have colluded with these companies. According to South African Government News Agency, the crackdown reflects a broader, systemic investigation currently active across all of Transnet's operating divisions. TPT Chief Executive, Jabu Mdaki, emphasized the company's commitment to upholding the principles of good governance, integrity, transparency, and accountability. He stated, "Unlawful conduct will not be tolerated under any circumstances," adding that the company is determined to contribute to the country's global competit ive edge through its specialization in maritime logistics. Mdaki further noted that TPT is focused on enabling South Africa's trade with over 100 markets worldwide. "As a team, we are united in understanding that we exist to serve, and there's no room for anyone who does not share in that mission," he said in a statement released on Thursday. Additionally, the SOE reported that earlier this week, Transnet Rail Infrastructure Manager (TRIM) suspended four employees based on similar allegations. Restrictions against implicated suppliers at TRIM are also in progress. The agency noted that earlier this year, Transnet announced the suspension of nine employees implicated in alleged collusion with suppliers. Six of these employees have now left Transnet's employment as a result of disciplinary action, while proceedings against the remaining employees are ongoing. Members of the public are encouraged to report any suspected fraud or irregularities involving Transnet via phone, email, or SMS. Transnet is also impl ementing systemic improvements to detect and prevent the recurrence of such malfeasances, as part of its ongoing consequence management processes.