South African state-owned freight and rail company Transnet has fired its chief executive after a long-running dispute over corruption allegations.
The company’s board wrote to Siyabonga Gama on Sunday evening to inform him of the decision to cut ties on suspicion of corruption relating to a tender for new locomotives.
Gama has been blamed by his own bosses for the “inexplicable increase in excess of R9bn [$619m] in costs” for the contract, according to Transnet.