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Design|Financial|Transnet
Design|Financial|Transnet
design|financial|transnet

Transnet to modify operating model, corporate structure

Transnet acting group CE Tau Morwe

Transnet acting group CE Tau Morwe

Photo by Creamer Media

3rd December 2018

By: Marleny Arnoldi

Deputy Editor Online

     

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State-owned Transnet last week held a board strategy workshop to review the group’s deteriorating financial and operational performance.

The first resolution to come out of the workshop was on the principles for the corporate design of a new operating model that is underpinned by financial stability, customer centricity and operational excellence.

The second resolution was to sub-delegate and mandate the acting group CE Tau Morwe to develop a revised operating model, corporate structure and new group executive, including its supporting implementation strategy, for submission to the board by the end of February at the latest.

The third resolution was the dissolution of the current group leadership team and its replacement by an interim group executive team, until the new executive committee is established in terms of the new operating model and corporate structure.

The board was confident that this new direction would assist in positioning Transnet on a trajectory that would contribute to a growing economy.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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