Battle rages behind the firing of Transnet CEO Siyabonga Gama
Investigations found that he, former CEO Brian Molefe and Gupta associates may have acted unlawfully
Transnet has fired its embattled CEO Siyabonga Gama and will pay him out for six months. In the notice of termination of employment letter, served on Gama on Sunday and seen by Business Day, board chair Popo Molefe said the CEO had failed to make representations on why he should not be fired by the deadline of October 15. "As a result of your failure to make representations, the board has therefore resolved to terminate your appointment as group CE on six months’ notice," Molefe says in the letter. If you are already a subscriber, please click on the following link to go to the full article: Transnet CEO fired, but the battle is not over If you would like to subscribe to BusinessLIVE to read the full story, please click here.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.