COSATU welcomes proclamation to investigate Transnet
28 August 2024
The Congress of South African Trade Unions (COSATU) welcomes the proclamation issued by President Cyril Ramaphosa authorising the Special Investigating Unit (SIU) to probe allegations of serious maladministration at Transnet and to recover any financial losses suffered by the entity.
The proclamation gives the SIU the go-ahead to investigate the procurement processes and contractual agreements linked to the leasing of properties belonging to or controlled by Transnet or the state. The probe will zone in on leases that were possibly facilitated through fraudulent means by Transnet employees, officials, agents, etc.
Leases to be probed include agreements for the construction and operation of bulk fuel storage facilities at Bayhead in Durban, the leasing of the old Durban International Airport premises including the runaway, apron, taxiways, ATNS building and SAA site, the film studios at Carlton Centre among others. The SIU will also investigate agreements with service providers, the procurement of goods, accommodation, and payments made by Transnet related to these contracts.
The proclamation covers serious allegations of unlawful and improper conduct between 1 January 2014 and 23 August this year.