NYSE:IDT
NYSE:IDTTelecom

How Investors Are Reacting To IDT (IDT) After Forensic Probe Uncovers Major Tender Irregularities

In late July 2025, a forensic investigation revealed major governance failures at the Independent Development Trust (IDT), including procurement irregularities and alleged mismanagement involving top officials in an R836 million oxygen plant tender. Key outflows from the report include the recommendation of disciplinary action and criminal investigation, after it was found that multiple companies awarded contracts lacked the required licenses and the tender's cost more than doubled without...