Mohammed Mahomedy has been appointed as Transnet’s interim CFO, effective May 15.
He is a chartered accountant and, over his 12 years of service at Transnet, has led key strategic portfolios within finance.
Before being appointed interim CFO, he was GM Finance at Transnet Group Capital. He also set up and managed the Group Capital Integration Assurance portfolio and was part of the finance executive at Transnet Freight Rail.
Mohammed will formulate and lead all aspects of the company’s financial strategy, including overseeing the company’s funding, capital investment programmes, managing procurement, financial risks and adherence to the highest standards of governance and internal controls.
His appointment validates the major strides made in stabilising the leadership of Transnet and the robustness of the company’s succession planning.