Transnet Chairwoman Resigns

May 3, 2018

The chairwoman of South Africa's state-owned logistics utility Transnet has resigned along with two other board members, the public enterprises ministry said on Thursday.

The firm has been accused of irregularities in the awarding of contracts and is conducting an investigation into in the procurement of 1,064 diesel and electric locomotives worth around 54 billion rand ($4.5 billion).

Public Enterprises Minister Pravin Gordhan, whose department also oversees state-owned power utility Eskom, gave no reason for chairwoman Linda Mabaso's resignation. He added new appointments would be announced soon.

Today's moves are the latest in a string of resignations by Transnet leaders after chief financial officer Garry Pita resigned due to ill-health last month.

The government insisted that his departure did not absolve him from responsibility for irregularities at the company that needed to be addressed.


(Reporting by Tanisha Heiberg Editing by Alexandra Hudson)

Logistics News

Net Feasa Unveils Agentic Control Tower Shipping Container Booking Platform

Net Feasa Unveils Agentic Control Tower Shipping Container Booking Platform

Panama Canal Vessel Transits Increase to 34 Per Day in April

Panama Canal Vessel Transits Increase to 34 Per Day in April

Egypt's Suez Canal Chief Shares Possible Discounts on Transit Fees

Egypt's Suez Canal Chief Shares Possible Discounts on Transit Fees

Cavotec Signs $8.99 Million Shore Power Order

Cavotec Signs $8.99 Million Shore Power Order

Subscribe for Maritime Logistics Professional E‑News

Ford German workers strike amid rising tensions over planned cuts
Finland Police continue their gas pipeline rupture investigation
Egypt's Suez Canal considers reducing transit fees in order to attract traffic