Transnet says indebted companies are behind the calls for its CEO’s removal

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Transnet says indebted companies are behind the calls for its CEO’s removal
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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 September 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’s CEO Portia Derby and her team to be removed because of the woeful state of the nation’s ports and freight rail service.

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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.

“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.”

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