South African Airways CEO Vuyani Jarana has quit the financially stricken state-owned company, citing a lack of funding and drop in government support for the carrier’s turnaround plan.
A forensic report into Eskom and Transnet found some executives and board members failed to act in the companies’ best interests and recommended criminal investigations against them.
South Africa’s recovery from corruption at its state-owned companies requires thorough reform and punishing those responsible, according to public enterprises minister Pravin Gordhan.
The board of Transnet said it plans to dismiss CEO Siyabonga Gama after losing confidence in his ability to lead South Africa’s state-owned ports and rail company.
The complaints and compliance committee of communications regulator Icasa will next week hear a complaint against MTN South Africa, brought by state-owned Transnet, after the mobile operator allegedly
German enterprise software giant SAP admitted on Thursday that it had made payments to Gupta-linked companies and uncovered irregularities in the “management of third parties” and adherence to its compliance
Transnet has distanced itself from third-party payments made by software giant SAP to win contracts with South Africa’s state-owned ports and rail operator, saying they are an issue for the German company and its business partners
German software giant SAP has reported alleged misconduct in its South African operation to US authorities responsible for enforcing the US Foreign Corrupt Practices Act and initiated disciplinary procedures against three of four
Business Leadership South Africa (BLSA) has suspended the membership of both Eskom and Transnet with immediate effect, citing the state-owned enterprises’ connection with “extensive allegations of corrupt behaviour over
German enterprise software giant SAP has undertaken to publish the outcome of an external probe into alleged wrongdoing at its South African unit during the last week of October 2017. In a statement late on Friday, SAP said the