Popo Molefe to lead new interim board at Transnet
Public Enterprises Minister Pravin Gordhan has appointed a new interim board for Transnet, pending a full appointment, in consultation with Cabinet.
The interim board will be led by Popo Molefe as chairperson and includes directors Louis Zeuner, Ramasela Ganda, Ursula Fikelepi, Edward Kieswetter and Dimakatso Matshoga.
Gordhan has also removed Seth Radebe, Potso Mathekga and Zainul Nagdee as nonexecutive directors with immediate effect.
“Transet is facing serious allegations of maladministration and corruption. The previous board has not demonstrated appreciation of the seriousness of issues at hand or the ability to deal with these decisively in order to protect the entity in the interests of South Africans,” Gordhan said.
He highlighted that the directors of State-owned companies needed to be held to a high standard of corporate governance and accountability to protect the assets of the State.
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