CAPE TOWN - Transnet said on Thursday that they had noted and welcomed SAP’s update on the ongoing investigation into its South African business.
According to Transnet, the update, which stems from an ongoing investigation on SAP contract with Transnet and has links with Gupta-related companies, has preliminarily absolved the company of wrong doing.
According to the SAP statement, investigations into Gupta-related third parties payments, has not revealed any evidence of payment to any Transnet employees.
The payments were as result of commission agreement between SAP and its suppliers.
Transnet feels a sense of relief and encouragement on behalf of its over 60 000 employees.
The freight and logistic company would also like to reiterate its commitment to good governance.
-BUSINESS REPORT ONLINE