BusinessLive reports that state-owned freight company Transnet has appointed Tau Morwe as acting group chief executive following the axing of Siyabonga Gama.  

Morwe will serve from 1 November 2018 to 30 April 2019.  Gama was served with a termination of contract letter on 21 October.  His contract was terminated with six months’ notice, however his last day at the office was 22 October.  His axing came after investigations found that he, former CEO Brian Molefe and Gupta associates might have acted unlawfully in relation to the purchase of 1,064 locomotives for R54bn.  The former CEO has approached the Labour Court in a bid to overturn his axing.  The court has yet to hand down judgment in the matter.  Transnet is also suing for R166m, which the utility said was an overpayment made to Gupta-linked Regiments Capital.  Transnet board chairman Popo Molefe said on Monday:  ”Mr Morwe’s crucial appointment will ensure that Transnet strengthens and consolidates its governance procedures, adding much-needed impetus in ensuring that our state-run institutions are well governed and serve the people of SA.”

• Read this report by Genevieve Quintal in full at BusinessLive
• Read too, Transnet moves on from Gama, appoints acting group CEO, at Fin24

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