The Passenger Rail Agency of South Africa (PRASA) has appointed Japhtalina Lesibana Fosu CFO, effective September 2.
PRASA had been without a permanent CFO since 2014, which resulted in an unstable finance department, which has not delivered clean audits since 2014.
PRASA is recruiting group executives to stabilise the entity.
The State-owned entity said on Monday that Fosu – a qualified chartered accountant – had more than 19 years of executive experience in the public and private sectors, as well as with nongovernmental and international institutions.
Fosu had received a clean audit award from the Auditor-General South Africa, on behalf of the Limpopo Road Accident Fund for the two consecutive financial years 2012/13 and 2013/14.