Transnet, Gijima reach agreement on R1.3bn IT services contract

State-owned freight and logistics company Transnet said on Thursday that it had issued tech company Gijima Holdings with a letter of intent for a previously disputed IT data services contract worth more than R1 billion.

In a statement on Thursday, Transnet said the decision to issue the letter of intent was taken following thorough deliberations on procurement processes as part of the clean governance approach adopted by the new board. Tau Morwe, Transnet acting group chief executive, said they were pleased that this matter has been finalised to the satisfaction of both parties.

Gijima’s group chief operating officer, Maphum Nxumalo said Gijima feels finally vindicated for its just fight for a fair and unbiased Transnet public tender system.

Source: News Formal (newsformal.com)

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