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In City in Press Business: Transnet fights to keep IT company in R2.5bn contract, pharmacies accuse corporations of bullying

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In City_Press Business today: Transnet pulls out all the stops to keep IT firm in R500m a year contract – despite court judgment ordering it to give it to a competitor; major pharmaceutical retailers accused of trying to oust small independent pharmacies

Transnet appears to be pulling out all the stops to keep an IT company in a R500 million a year contract – despite a court judgment ordering the state-owned enterprise to give it to a competitor.The ANC came under fire at the Black Business Council summit on Friday for its role in the hundreds of billions of rands estimated to have been lost because of corruption and state capture.

A former Public Investment Corporation employee found the risk to her reputation and the environment in which she worked to be so “hostile and inefficient” that she left – in the process, forfeiting a R2 million long-term incentive bonus.Mineral Resources Minister Gwede Mantashe and his department are not moving to nail those responsible for the Lily Mine accident that claimed three lives three years ago.

 

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