SIU, Transnet welcome judgment against former Transnet exec
The Special Investigating Unit (SIU) and State-owned Transnet have welcomed the judgment handed down by Judge Lebogang Modiba at a special tribunal sitting on August 31, wherein former Transnet employee Herbert Msagala was instructed to pay back R26.4-million to Transnet.
The special tribunal found that Msagala illegally received payments from Transnet service provider, IGS Consulting Engineers, while employed full time by Transnet.
The SIU and Transnet instituted civil matters in the special tribunal in July 2020 to order that Msagala repay the money he received from a tender with IGS Consulting between 2015 and 2016.
The judgment is a key step in ensuring accountability and consequence management for executives who may have been involved in criminal activity while employed at Transnet, the State-owned entity said in a statement.
Transnet further said it would continue to work with the SIU and other law enforcement agencies to ensure justice is served on all those found guilty of wrongdoing.
SIU head Advocate Andy Mothibi said that the instruction was “a continuation of implementation of the SIU investigation outcomes and consequence management to recover financial losses suffered by State institutions, including State-owned entities like Transnet".
Mothibi added that there were other cases on the roll in the High Court and in the special tribunal which were awaiting adjudication, which would result in “further recoveries for the State”.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
