Eskom and Transnet, two state-owned entities that are responsible for the unrelenting energy and logistics crisis that is dragging down SA’s economy, do not have permanent CEOs.
, and the minister responsible for public enterprises, Pravin Gordhan, has since dithered on finding a CEO replacement. After all, it took four months for Gordhan to reject the Eskom board’s nominations for a successor to De Ruyter, pushing the board to start from scratch.
The mining industry, which depends on Transnet trains to rail coal to markets, estimated that the SOE’s inability to move trains due to mismanagement, cable theft, and vandalism, cost the industry R50-billion in lost opportunities in 2022 alone. All of this work can be interpreted as the Presidency, the highest level of government, no longer trusting reform progress to be left to Transnet management and board after many years of unfilled promises.
Defenders of Derby and other executives have argued that expectations for them to turn around Transnet were lofty, considering the SOE was a key site of State Capture for many years. Since early 2020, Derby, Dlamini, and other executives walked into a broken entity, whose rail and port operations suffered from many years of underinvestment, and had to navigate a layer of middle management that resisted any reforms.
Why wasn’t Portia Derby fired after 2 disastrous years “along with other Transnet executives, mainly Siza Mzimela who runs the SOE’s rail division , were seen as militant, often refusing the help offered by private sector players.” Given SA’s precarious economy, why are these wrecking balls in a job Pravin Gordhan???ScorpioOp-edsSponsored ContentWe use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit"Cookie Settings" to provide a controlled consent.This website uses cookies to improve your experience while you navigate through the website.
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