No losses for Transnet following ‘audit irregularities’


Transnet SOC confirmed to FTW Online today that four senior officials of Transnet SOC Limited had been suspended following “irregularities” found by external auditors for the state-owned entity.

Transnet spokesperson Viwe Tlaleane pointed out that the issues had been discovered by management and subsequently shared with the auditors.

“Transnet reported the matter to the Hawks and the probe is under way. The matter is disclosed in Transnet’s annual report for 2017,”she said.

Tlaleane added that one of the matters had since been resolved and the investigation had found that the company did not suffer any loss.


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