Transnet is determined to clean up its reputation, which has been tarnished by allegations of irregular procurement, CEO Siyabonga Gama said in Parliament Wednesday. This was particularly important, he added, as the state-owned rail, freight and logistics company has to be able to borrow from the financial markets and it wants to ensure that there are no procurement irregularities. In a briefing to the public enterprises committee, Gama noted that state-owned enterprises (SOEs) had been plagued by issues of project management and deviations from procurement regulations and Transnet had not been immune from this. Investigations had been undertaken and most of them were 90%-95% completed. Among the problems affecting the parastatal were weak accountability mechanisms and the absence of consequence management, as well as procurement irregularities, Gama said. There were allegations that third parties had earned commissions on contracts that Transnet had concluded between 2012 and 2015....
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