JOHANNESBURG - Transnet has blacklisted seven companies implicated in fraud and corruption, following Special Investigations Unit forensic probes.
The investigation uncovered financial misconduct, bribery, theft of company assets, collusion, and submission of false information.
Transnet Port Terminals Chief Executive Jabu Mdaki said the blacklisted firms are banned from doing business with public entities for 10 years.
The company has also launched disciplinary action against employees who colluded with these companies.
Earlier this week, four employees were suspended on similar allegations.