, riots, a cyber-attack and Covid-19 – Transnet has seen its share of external challenges in recent years. But with a heavy debt burden, plummeting freight volumes and a loss of critical skills, the state-owned logistics company also faced growing calls for the axing of executives as business leaders grew frustrated with its ongoing failure to thrive.
On Friday, amid mounting pressure and a crackdown from Public Enterprises Minister Pravin Gordhan, Transnet announced the resignations of three executives: Group Chief Executive Portia Derby, Transnet Freight Rail head Siza Mzimela, and Chief Financial Officer Nonkuleleko Dlamini.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
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Source: BusinessTechSA - 🏆 24. / 61 Read more »