State capture commission chair Raymond Zondo said on Monday he might consider recommending to President Cyril Ramaphosa that the government institute civil claims against all Transnet board members who supported a R17m settlement toZondo made the comment as former Transnet board chair Mafika Mkwanazi wrapped up his three-day testimony on Monday.
Transnet had sought to suspend Gama and institute disciplinary proceedings against him in 2009 when he was CEO of Transnet Freight Rail. But Gama went to court in an attempt to block the move. The court dismissed his application with costs, and Transnet fired him in June 2010. Mkwanazi admitted that Transnet was wrong to reinstate Gama and pay him R17m when, by his own admission, he had conceded that the charges against him had been substantiated.
ABOUT TIME
ReneeNCRDC1780 All these ex directors of the various companies must face action...no fines either, good old solid jail time, that is how you stop the rot dead in tracks.
ta_tebogo They have a lot of red tape to hide behind though. Not as easy as it sounds
JvanLogg If they lose hope they personally accountable and no D&O cover otherwise our premiums merely go up and once again we pay. FMFSouthAfrica UniqueSAProblem SATodayNews chrishartZA OUTASA
Good.
CoruscaKhaya This is embarrassing and shocking seriously.
CoruscaKhaya Finally. Company law is being practiced
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