Minerals Council demands urgent action on Transnet's 'tragic decline', wants CEO Portia Derby axed | Business

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The Minerals Council South Africa demanded last month that Transnet take urgent action - including firing CEO Portia Derby - to arrest the decline of the state-owned freight and logistics company. | News24_Business

Alfonso Nqunjana

The Minerals Council South Africa demanded last month that Transnet take urgent action - including firing CEO Portia Derby - to arrest the decline of the state-owned freight and logistics company. In a confidential letter sent by the council's president Nolitha Fakude to Transnet chairperson Popo Molefe on 4 December, seen by News24, the council called for the board to take over management of Transnet as part of its calls for drastic action to arrest an operational decline.

Transnet's poor rail performance is causing billions in lost revenue for bulk commodity miners, while issues at certain Transnet ports are also adversely affecting mining and other industries.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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_Business From one token appointment to another ,nothing will get better .

_Business No that means work. Not nice.

_Business Fire Pravin Gordhan

_Business Why fire anyone. Nothing will change.

_Business Hahahaha arrest the whole stinking corrupt lot in government CyrilRamaphosa

_Business All these soe have one thing in common they are all run by people who have no clue how to run anything just cause u black does not make u automatically clever this government wil keep on letting this country go down the drain cause of cadre and bee apointments

_Business Maybe you can do a story on Sapref next.

_Business Took then long enough! Business must now stop complying … time to tell the ANC to get out of the economy!

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