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​CODE OF CONDUCT

Overview

 Transnet aims to achieve the best value for money when buying or selling goods and obtaining services.

This, however, must be done in an open and fair manner that supports and drives a competitive economy. Underpinning our process are several acts and policies that any supplier dealing with Transnet must understand and support.

These are:

  •  Transnet Procurement Policy - A guide for tenderers;
  • Section 217 of the Constitution - the five pillars of Public PSCM (Procurement and Supply Chain Management): fair, equitable, transparent, competitive and cost effective;
  • The Public Finance Management Act (PFMA);
  • The Broad Based Black Economic Empowerment Act (BBBEE); and
  • The Anti-Corruption Act.
    This code of conduct has been compiled to formally appraise Transnet Suppliers of Transnet's expectations regarding behavior and conduct of its Suppliers. 
     
Prohibition of Bribes, Kickbacks, Unlawful
Payments and Other Corrupt Practices

Transnet is in the process of transforming itself into a self-sustaining State Owned Enterprise, actively competing in the logistics industry. Our aim is to become a world class, profitable, logistics organization's such, our transformation is focused on adopting a performance culture and to adopt behaviors that will enable this transformation.

Transnet will not participate in corrupt practices. Therefore, it expects its suppliers to act in a similar manner.

  • Transnet and its employees will follow the laws of this country and keep accurate business records that reflect actual transactions with, and payments to, our suppliers.

  • Employees must not accept or request money or anything of value, directly or indirectly, from suppliers.

Employees may not receive anything that is calculated to:

  • Illegally influence their judgment or conductor to influence the outcome of a sourcing activity;

  • Win or retain business or to influence any actor decision of any person involved in sourcing decisions; gain an improper advantage.

  • There may be times when a supplier is confronted with fraudulent or corrupt behavior of Transnet employees.

We expect our suppliers to use our "Tip-offs Anonymous"

Hotline, to report these acts - 0800 003 056.

Transnet is firmly committed to free and competitive enterprise.

  • Suppliers are expected to comply with all applicable laws and regulations regarding fair competition and antitrust practices

  • Transnet does not engage non-value adding agents or representatives solely for the purpose of increasing BBBEE spend (fronting).

Transnet's relationship with suppliers requires us to clearly define requirements, to exchange information and share mutual benefits.

1. Generally, suppliers have their own business standards and regulations. Although Transnet cannot control the actions of our suppliers, we will not tolerate any illegal activities

These include, but are not limited to:

  • Misrepresentation of their product (origin of manufacture, specifications, intellectual property rights, etc);
    Collusion

  •  Failure to disclose accurate information required during the sourcing activity (ownership financial situation, BBBEE status, etc.);

  • Corrupt activities listed above; and harassment, intimidation or other aggressive actions towards Transnet employees.

2. Suppliers must be evaluated and approved before any materials, components, products or services are purchased from them. Rigorous due diligence must be conducted and the supplier is expected to participate in an honest and straight forward manner.

3. Suppliers must record and report facts accurately, honestly and objectively. Financial records must be accurate in all material respects.

Conflict of interest

A conflict of interest arises when personal interests or activities influence (or appear to influence) the ability to act in the best interests of Transnet. Examples are:

  • Doing business with family members.

  • Having a financial interest in another company in our industry

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