Broadband Infraco Reaffirms Commitment to Integrity Amid Allegations

To:  All Media 

Broadband Infraco (BBI) acknowledges the recent allegations of corruption raised anonymously through a whistleblower and reaffirms its unwavering commitment to transparency, integrity, and ethical conduct. In line with our company values and policies, we have taken decisive and robust action to address these claims.

Upon receipt of the allegations, the Board was immediately informed, and a preliminary internal investigation was launched. Concurrently, BBI engaged an independent forensic investigator to conduct a comprehensive external investigation. These investigations were conducted with the utmost diligence and impartiality.

The findings of both the internal and external investigations, conducted independently, concluded that the allegations of corruption were entirely unfounded, unsubstantiated, and baseless. Furthermore, evidence revealed that the allegations were part of a deliberate smear campaign aimed at damaging the reputations of certain employees and disrupting organizational operations.

BBI recognizes the profound personal and professional impact such allegations can have on individuals. To mitigate this, the company has extended counselling and support services to all employees who were unjustly implicated, ensuring their well-being during this challenging period.

We wish to reaffirm that BBI’s policy empowers all employees to report any suspected unethical conduct or fraud without fear of retaliation. However, employees are equally obligated to follow the company’s approved reporting processes to ensure credibility and fairness. Where wrongdoing is substantiated, the company remains committed to enforcing appropriate consequence management swiftly and effectively.

As a responsible corporate entity, BBI prioritizes safeguarding employees who act in good faith to report misconduct, ensuring their protection against any form of retaliation.

The outcomes of these investigations have been transparently communicated to the Board of Directors, shareholders, and relevant stakeholders. Moving forward, BBI will continue to collaborate closely with these stakeholders to maintain its high ethical standards and ensure business practices remain above reproach.

Broadband Infraco extends its gratitude to employees, shareholders, and stakeholders for their continued trust and support. Together, we remain steadfast in fostering a transparent, ethical, and resilient organizational culture.

For further information, please contact:

FOR ENQUIRES

Mr                    :           Tshepe Mokoena

Cell                  :           0824431978

Email              :           Tshepe.mokoena@infraco.co.za

URL                 :           www.infraco.co.za

Issued by Broadband Infraco SOC Limited