Transnet Says Indebted Companies Are Behind the Calls for its CEO’s Removal

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

South Africa’s beleaguered state ports and rail company deepened its feud with the private sector, accusing business chambers of intimidation because they owe it money.

A Sept. 12 letter from a business chamber in Durban, the site of Africa’s biggest container port, to the minister of public enterprises, called for Transnet SOC Ltd.’s Chief Executive Officer Portia Derby and her team to be removed because of the woeful state of the nation’s ports and freight rail service.

“Those who owe money will have to pay, and the company will not be intimidated,” Transnet said in a statement on Thursday, which detailed the regular interactions it has with the chamber in a bid to resolve operational issues. “Transnet will no longer tolerate a distortion of public discourse by individuals who fail to disclose their true motives.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines