Jun 14, 2011
Mkwanazi is still Transnet chair, for nowBack
© Reuse this
Gigaba appointed Mkwanazi, who previously worked as an executive at Transnet, on December 8 last year.
The Minister met with Mkwanazi in Cape Town following speculation that Cabinet had discussed, but rejected, a proposed replacement for Mkwanazi, as well as some of Transnet’s other nonexecutive directors.
Speculation was fuelled by the release of a post-Cabinet statement last week in which major changes were confirmed for the Eskom and Denel boards, including the appointment of Mkwanazi as a nonexecutive director at Eskom.
It was given further impetus by a Department of Public Enterprises statement which indicated that proposed changes to the Transnet board had been deferred by Cabinet for further discussion.
However, the joint Gigaba-Mkwanazi statement did not deny the discussions. It stressed only that Mkwanazi remained chairperson “until or unless Cabinet decides otherwise”, while expressing regret that “Cabinet discussions were leaked to the media”.
“The process of seeking better ways of running State-owned enterprises (SoEs) and strengthening their boards continues and Cabinet will in its time determine the future composition of other SoE boards, including that of Transnet,” the statement read.
It added that Mkwanazi would be inaugurated as a nonexecutive director of Eskom once “all due processes have been followed”.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Real Economy Insight: Construction 2015 (PDF Report)
Real Economy Insight: Electricity 2015 (PDF Report)
Real Economy Insight: Road and Rail 2015 (PDF Report)
This Week's Magazine
Finance Minister Nhlanhla Nene earlier this month stated that, while South Africa’s 2015 economic growth target of 2% was achievable, it was not enough to deliver the tax revenue needed to combat the country’s challenges.
The World Steel Association has published the 2015 edition of the World Steel in Figures report, which shows an increase in steel production as well as provides an overview of steel industry activities from crude steel production to apparent steel use.
The 25-year master plan for Gauteng’s Aerotropolis project will go through a process of approval and adoption during June and July, says Aerotroplis project manager Jack van der Merwe. “We are also in the process of putting together a special purpose vehicle (SPV) to...
The Coega Development Corporation (CDC) plans to fit 15 of its buildings, totalling 127 000 m2 of roof space, in the Coega Industrial Development Zone (IDZ), in the Eastern Cape, with solar panels.
The Supreme Court of Appeal’s (SCA’s) November 2014 judgment, ordering steel producer ArcelorMittal South Africa (AMSA) to hand over the 2003 Environmental Master Plan for its Vanderbijlpark steel plant to environmental pressure groups, confirmed the right of civil...