Close
Ex-Transnet executive ordered to repay R26 million
MRA ONLINE
/ Categories: Ports, People & Events

Ex-Transnet executive ordered to repay R26 million

Special Tribunal judgment order

SOUTH AFRICA: A Special Tribunal judgment has ordered that the rail, port and pipeline company’s former executive, Herbert Msagala, pay back R26.4 million to the utility. Msagala was the former group executive for capital projects. 

Judge Lebogang Modiba made the order yesterday against Herbert Msagala, which has been welcomed by both Transnet and the Special Investigating Unit (SIU). The Special Tribunal found that Msagala illegally received payments from Transnet service provider, IGS Consulting Engineers (Pty) Ltd while employed full time by Transnet.

The SIU and Transnet instituted civil matters in the Special Tribunal in July last year to order that Msagala pay the money he received from a tender with IGS Consulting between 2015 and 2016.

They said the judgment was “a key step in ensuring accountability and consequence management” for executives who may have been involved in criminal activity while employed at Transnet.

Transnet said it would continue to work with the SIU and other law enforcement agencies to ensure that justice is served on all those found guilty of wrongdoing.

 “This is a continuation of implementation of the SIU investigations outcomes and consequence management to recover financial losses suffered by State institutions including State Owned Entities (SOEs) like Transnet. There are other cases enrolled in the High Court and in the Special Tribunal awaiting adjudication and will result in further recoveries for the State,” said SIU head Advocate Andy Mothibi. 

Print
184

Must read

Previous Next
Terms Of UsePrivacy StatementCopyright 2021 by More Maximum Media
Back To Top