Moneyweb
The Democratic Alliance says the resignation of Transnet CEO, Portia Derby, is the first major step in the path to turn around the fortunes of the ailing state-owned enterprise.
MP, Ghaleb Cachalia, said Derby's tenure, together with the rest of her Executive, has been a disaster that should never be repeated.
“They single-handedly were responsible for the collapse South Africa's export sector and denied the fiscus much needed export receipts,” he said.
Cachalia said it is for this reason that they are also demanding the resignation of the remaining holdout in Derby's Executive, Sizakele Mzimela who heads Transnet Freight Rail (TFR).
“This is the division of Transnet that has essentially collapsed under the weight of mismanagement and neglect - as such, it is completely unacceptable for Mzimela to continue presiding over TFR after such a disastrous run,” he said.
Meanwhile, Moneyweb reports that the second most high-ranking executive at the company, Group Chief Financial Officer, Nonkululeko Dlamini, left on Friday, after apparently resigned at the beginning of September.
Transnet made the announcement on Friday in a SENS notice to the Johannesburg Stock Exchange, said Derby would leave at the end of October.
It said the Board has appointed Michelle Phillips as the acting Chief Executive of Transnet Pipelines, from 1 November, while a recruitment process for a permanent GCE is underway.
Hlengiwe Makhathini has been appointed to act as interim GCFO.
"Both candidates were considered and recommended by the Board as suitable to step into these respective roles in an interim capacity," Transnet said.
