Pretoria - Siyabonga Gama has been reinstated to the executive committee of Transnet, the transport parastatal announced on Wednesday.
Gama was suspended in September 2009 following allegations of a serious breach of governance requirements in respect of two procurement contracts. He was fired in June 2010.
"The board wishes to announce that Siyabonga Gama has been reinstated to the executive committee of Transnet Limited following a review of his dismissal," the Board of Directors said.
Gama returned to the company on Wednesday. He will be based in the chairman's office until the new group chief executive Brian Molefe finalises his executive team. Molefe's appointment was made by Public Enterprises Minister Malusi Gigaba last week.
"The terms of the agreement are confidential. This is in line with Transnet's policies governing employer/employee relations," said the board, adding that his reinstatement is subject to a final written warning, given that he was not found guilty of corruption.
"The board is of the view that such an agreement is in the best interest of the company. The board believes the settlement brings finality to this matter and would bring to an end the harmful publicity surrounding it."
Chairperson of the board, Mafika Mkhwanazi, will handle the Gama matter to its conclusion.
