PUBLIC ACCOUNTS COMMITTEE
MPs force Transnet directors to remember who they serve
Angry MPs forced Transnet board members to recite their oath of office before appearing before Parliament’s standing committee on public accounts (Scopa) on Tuesday. The Transnet board defied the committee in December when the directors failed to obey an order to appear before it. On Tuesday, Transnet board members and managers received a hostile reception from frustrated MPs. Public Enterprises Minister Lynne Brown also made an appearance at the heated committee meeting. Scopa grilled the board on its deviations and expansions as well as the circumstances behind its failure to appear before it in December. ANC MP Vincent Smith has called for Transnet’s board of directors to be declared delinquent and jailed for their mishandling of the state-owned freight and rail entity’s affairs. "The Companies Act says entities must exercise the highest levels of good governance and transparency. "I would contend that your conduct on December 6 flouts this." Referring to the Public Finance Manag...
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