Ramaphosa gives SIU license to investigate Transnet corruption
16 Sep 2024
President Cyril Ramaphosa on Friday authorised a Special Investigating Unit (SIU) probe into allegations of maladministration and corruption within Transnet. The state-owned entity is now under investigation for various alleged irregularities that may have led to significant financial losses for the state.
President Cyril Ramaphosa returned from a visit to China and busied himself with the fight against corruption.
A priority of the SIU investigation is to scrutinise the re-instatement of Siyabonga Gama as CEO of Transnet Freight Rail in 2011, as well as the legal costs associated with his return.
Additionally, allegations point to widespread maladministration in Transnet's procurement practices, including contracts for goods, services, and leased accommodation, which may not have followed fair or transparent procedures.
Another key focus of the investigation is the contract awarded to Abalozi Security Risk Advisory Services, tasked with addressing cable theft and other criminal activities targeting Transnet Freight Rail.
The SIU will examine whether this contract resulted in unauthorised or wasteful expenditure.
Broader implications
The approved investigation covers activities from as far back as 2007, potentially implicating several current and former Transnet officials, board members, and service providers.
Ramaphosa expects the SIU to recover any financial losses incurred by the state and hold accountable those responsible for unlawful conduct.
In addition to Transnet, President Ramaphosa has authorised investigations into the Gauteng Provincial Department of Human Settlements and the Umzumbe Local Municipality.
Both address allegations of maladministration, irregular procurement processes, and the misuse of public funds, signalling renewed government commitment to rooting out corruption and improving accountability in state entities and public administration.
