EDITORIAL: Don’t waste a crisis by not finishing the job at Transnet
A rare opportunity presents itself to get it right at the logistics giant
The decision by Portia Derby and Nonkululeko Dlamini — respectively Transnet’s CEO and CFO (https://www.businesslive.co.za/bd/national/2023-09-29-breaking-news-axe-falls-on-transnet-ceo-and-cfo/) — to leave the freight logistics company has been in the making for months now. The new Transnet board, under chair Andile Sangqu, has to be applauded for orchestrating these moves. Now the board needs to move speedily to stabilise the leadership ranks of the state-owned monopoly owner and operator of SA’s ports, pipelines and freight rail assets.
Derby, who was never a frontrunner in the selection process in 2020, has presided over the most astonishing deterioration of the parastatal’s performance — at vast cost to SA’s commodity producers and the country’s fiscus...
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