JOHANNESBURG – Transnet continued its organisational clean-up on Friday, cancelling a multibillion-rand contract at the Durban port terminal hatched during the tenure of former group chief executive Siyabonga Gama.
The state-owned freight rail and logistics company said it had issued a “stop work” instruction on the Maine Marine Construction works contract of the Durban Container Terminal.
Transnet said it cancelled the project, which was awarded to CMI Emtateni Joint Venture in July, on the basis of its own forensic investigation following allegations raised by the bidder who lost out on the tender.
“In the interest of good corporate governance, Transnet has decided to issue a ‘stop work’ instruction on the Main Marine Construction Works contract, pending the outcome of the investigation,” Transnet said.
The Durban Harbour is the largest and busiest shipping terminal in sub-Saharan Africa, handling about 65 percent of the total containerised cargo of South Africa, or 31.4 million tons of cargo each year.