New members of the Transnet Board of Directors have been announced by Public Enterprises Minister Pravin Gordhan.
Lebogang Letsoalo, a specialist in supply chains, and Martin Debel, a maritime executive, are among them. The only members of the former board still in place are Molefe and Sydney Mufamadi.
YOU MAY ALSO LIKE: Solaris Secures $42 Million In Funding To Expand Finance Operations
The nine Non-Executive Directors will serve a three-year term. Andile Sangqu, a former mining executive, has succeeded Popo Molefe as Chairperson.
Gordhan stated in a statement that the nomination proves the government’s dedication to provide the necessary skills and experience.
“The appointments are a step that underscored the government’s commitment to infuse the state-owned company with the requisite skills, experience and business acumen.”
You May Also Like: Bluesky Secures $8 Million In Seed Funding and Launches Custom Domains As First Paid Service
“The newly reconstituted board will help propel Transnet’s strategic transformation and the execution of its mandate as a critical cog in the South African freight and logistics domain, as well as a key driver of South Africa’s competitiveness and economic dynamism,” Gordhan adds.
Below is the full statement:
