Popo Molefe to tackle Transnet
Pravin Gordhan clears out the remaining board members, saying they are unfit to deal with rot at the the parastatal
Public Enterprise Minister Pravin Gordhan has appointed a new interim board at state-owned Transnet with Popo Molefe at the helm. Molefe is the former board chairman of the Passenger Rail Agency of SA and was heavily involved in fighting the corruption that had bedevilled that utility. Gordhan said Molefe’s leadership, knowledge of transport logistics, mineral resources and diverse industries was expected to add value to the Transnet board. The new board’s biggest challenge is to clean up the rot that crept in at the parastatal. Earlier in May, Transnet chairwoman Linda Mabaso resigned along with nonexecutive directors Vusi Nkonyane and Yasmin Forbes. In April, Transnet group chief financial officer Garry Pita resigned with immediate effect, citing health issues. The three remaining directors — Seth Radebe, Potso Mathekga and Zainul Nagdee — made representations to Gordhan concerning their staying on the new board, but the minister decided to remove them as nonexecutive directors wi...
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.