Gupta-linked finance chief quits Transnet
Garry Pita cites his poor health as reason, and that Pravin Gordhan’s call for new leadership played a role
In what is seen as the start of efforts to reverse state-capture at Transnet, the company’s group chief financial officer, Garry Pita, resigned with immediate effect on Thursday, citing “deteriorating” health. In his resignation letter, seen by Business Day, Pita also mentioned a call for “new leadership” at the state-owned company by Public Enterprises Minister Pravin Gordhan at a board meeting on Tuesday as a reason for his departure. Transnet spokesman Molatwane Likethe confirmed Pita’s resignation, saying that Mark Gregg-McDonald would take over as interim chief financial officer. Pita read text messages sent to him on Thursday afternoon, but did not respond to requests for comment. Pita was implicated as allegedly involved in state capture by the Gupta family and their associates. He was appointed acting group chief financial officer in August 2015 and confirmed to the position in February 2016. He had previously held the position of group chief supply chain officer and worked ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.