THEBE MABANGA
STATE-OWNED freight and logistics company, Transnet, appears to be on its way to overcoming challenges of State Capture, corruption and collapse in governance with the successful appointment of a new leadership team, taking action against executives implicated in corruption and stabilising its finances despite challenges posed by the COVID-19 pandemic.
Transnet briefed parliament’s portfolio committee on Public Enterprises on Wednesday.
Portia Derby, Transnet Group CEO since February this year, says the company expects the South African economy to shrink by 9,5% this year and this will hit revenue across freight, exports of goods and minerals as well as fuel carried in its pipelines.
Transnet has overhauled its executive committee.
Following Derby’s appointment, Nonkululeko Dlamini joined from the Industrial Development Corporation (IDC) as Chief Financial Officer (CFO), former South African Airways CEO Siza Mzimela as CEO of its largest division Transnet Freight Rail (TFR), military man Ralph Mills as
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