🚅💨Public Enterprises Minister Pravin Gordhan makes drastic changes at Transnet by appointing 9 new board members in a radical overhaul that hasn't been seen in decades. Transnet PravinGordhan TheCitizenNews Read the story⬇️
on Tuesday, including Minerals Council vice-president Andile Sangqu as chair, is perhaps the most radical overhaul at the state-owned logistics company in decades.The Minerals Council reckons inefficiencies at Transnet may have cost the country R150 billion in lost sales last year.
The letter called for the removal of CEO Portia Derby and CEO of Transnet Freight Rail Sizakele Mzimela, and for drastic action to reverse the “tragic decline” of Transnet.Logistics snarl-ups “We hope that the board focuses attention to the grassroots rail operational efficiency and performance of Transnet. That it focuses on modernising the network operating systems and signalling systems and that, most importantly, it brings transparency into the true state of the national railway infrastructure, which has suffered from years of poor maintenance,” says Aria in a statement.
Refilwe Buthelezi, current president of the Engineering Council of South Africa, is another appointee, as is the former head of legal services at Stanbic and later the Industrial Development Corporation, Mosadiwamaretlwe Zambane. “These appointments will put Transnet on a firm strategic path that provides critical expertise, experience and acumen for Transnet to optimally and strategically execute on its roadmap, business plan, improve governance and optimise performance,” said Gordhan.Havenga points out that many of the problems now facing Transnet were inherited from previous generations of management, including under-investment in maintenance and infrastructure.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Thabo Bester: Suspect with 'strong emotional ties' to Bloemfontein granted R10k bail | The Citizen🔰G4S official in Thabo Bester, prison escape case, granted R10 000 bail💰⚖️Lawyers say he has 'strong emotional ties' to Bloemfontein and is not a flight risk. TheCitizenNews ThaboBester DrNandipha Catch up here⬇️
Read more »
Khanyi Mbau: 'Young, Famous & African' is my baby and Netflix is my home | The CitizenKhanyi Mbau tells all about YFA 🎥 her business venture in Dubai 🐫🌴 and joining The Billionaires Club💰 KhanyiMbau YoungFamousandAfrican TheCitizenNews Read the story⬇️
Read more »
IFP and DA sign service delivery pact in KZN | The Citizen🗳️IFP and DA in KZN sign a pact to improve service delivery 🧹🗑️ in hung municipalities ahead of the 2024 national government elections. IFP DA ANC TheCitizenNews Read more⬇️
Read more »
Global Citizen turns focus to poverty eradication and women’s rights for September campaign.GlblCtzn turns focus to poverty eradication and women’s rights for September campaign GlobalCitizen is targeting awareness and change in issues perpetuating extreme poverty, the impacts of ClimateChange and the inequities affecting women and girls
Read more »
Leaked detail suggest November debut for new Toyota Prado | The CitizenDespite speculative reports alleging a turbodiesel V6, it appears likely that the Prado will have a range of four-cylinder only engine without hybrid assistance.
Read more »
Vanessa Carreira-Coutroulis on being part of 'Crown Chasers' | The CitizenFormer Miss SA👑 Vanessa Carreira-Coutroulis is the next celebrity guest judge on the MissSA2023 television series Crown Chasers✨Here's what to expect from episode 2 🙌🏻⬇️ CrownChasers TheCitizenLifestyle
Read more »