TRANSNET SOC LIMITED - Publication Of The Revised Transnet Supply Chain Management Publication.

Publication Of The Revised Transnet Supply Chain Management Publication.

Transnet SOC Ltd       138 Eloff Street     P.O. Box 72501
Registration Number    Braamfontein         Parkview, Johannesburg
1990/000900/30         JOHANNESBURG         South Africa, 2122
                       2000                 T +27 11 308 3001
                                            F +27 11 308 2638




Transnet SOC Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1990/000900/30)
Issuer Bond Code: BITRA
(“Transnet”, “the Company” or the “Issuer”)

PUBLICATION OF THE REVISED TRANSNET SUPPLY CHAIN MANAGEMENT POLICY


Noteholders are hereby notified that Transnet’s Board of Directors has approved
revisions to the company’s Supply Chain Management (SCM) Policy. This SCM Policy
came into effect on 16 January 2023, to coincide with the effective date of the
Preferential Procurement Regulations, 2022 (PPR). The revised SCM Policy is in
compliance with all applicable laws, to give effect to a procurement system that is fair,
transparent, cost-effective, competitive and equitable, as envisaged by Section
51(1)(a)(iii) of the Public Finance Management Act (PFMA), read with Section 217 of
the Constitution of the Republic of South Africa.

The revised SCM Policy enables Transnet to strive for the best value for money in its
Supply Chain Management processes and make a meaningful contribution to promote
transformation, empowerment, and economic development. It further ensures business
continuity and support operational efficiency.

The SCM Policy further sets out the minimum standards that shall be adhered to by
those involved in Transnet SCM activities and is specifically binding to all employees and
suppliers/ service providers. Amongst others, the SCM Policy strives to:

   1. Enforce the Code of Ethics, the Anti-Fraud and Anti-Corruption Policy, the
   Whistleblowing Policy, the Domestic Prominent Influential Person (DPIP) Policy,
   and the Foreign Prominent Public Official (FPPO) and Related Individuals Policy.
   2. Prevent SCM-related fraud, corruption and/or other economic crimes at Transnet.
   3. Prevent and reduce irregular and/or fruitless and wasteful expenditure in the
   procurement process as well as reduce audit findings in the SCM system.

Following the promulgation of the new PPR, a Preferential Procurement Policy (“PPP”) is
being developed separately, as an annexure to the SCM Policy, to adopt and enable
Transnet’s preferential procurement objectives and mechanisms going forward, in line
with Section 217(2) of the Constitution and Section 2(1) of the Preferential Procurement
Policy Framework Act, 2000 (PPPFA).
The revised SCM Policy has been published to comply with the requirements of Section
7 of the JSE Limited Debt Listings Requirements. The SCM Policy can be found on
Transnet’s website on the following link:

https://www.transnet.net/InvestorRelations/Pages/Governance.aspx




Johannesburg

29 March 2023
JSE Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)


Date: 29-03-2023 05:05:00
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