Millions paid to Transnet ex-bosses
Entity does not elaborate on extra payments, citing confidentiality
08 September 2024 - 07:49
Former Transnet Group CEO Portia Derby and the former boss of its rail division, Sizakele Mzimela, have received R11.9m and R9.2m, respectively, in exit payments — despite leaving the rail and ports entity in shambles.
Transnet’s 2024 annual report, tabled on Friday in parliament, showed that Derby received a payout of R16.8m, of which R11.9m was classified as “other payments”. Mzimela received a final payout of R12.7m, with R9.2m falling under “other payments”...
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