Transnet needs to cleanse itself of "pervasive corruption" so it can improve efficiencies and win back public and investor confidence, its newly confirmed chairman says. Transnet and Eskom are at the centre of President Cyril Ramaphosa’s bid to improve the management of public institutions engulfed by corruption scandals during former president Jacob Zuma’s nine-year tenure. Ramaphosa named former finance minister Pravin Gordhan as public enterprises minister, and Gordhan this month appointed Popo Molefe as Transnet’s interim chairman and overhauled its board. That appointment, along with the rest of the board, has been confirmed by the Cabinet, Gordhan said on Thursday. He also announced new boards for other embattled SOEs. Molefe has dedicated his first days on the job to assessing the extent of the graft there. "We need to find out how deep this problem has gone, because it is a pervasive problem," Molefe said in an interview on Wednesday. "It is in the interest of looters, thiev...

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