BusinessLive reports that Transnet has decided not to extend the contract of acting CEO Tau Morwe, the state-owned logistics company announced on Wednesday.  

His contract comes to an end on Friday.  Morwe was appointed as acting CEO in November 2018 after the axing of Siyabonga Gama.  Morwe will be replaced by acting CFO Mohammed Mahomedy, who will now be acting CEO.  It is not clear why Morwe's contract was not extended.  The entity's board acknowledged the "good work" done by Morwe since he took office and expressed its appreciation.  "To this extent the board commits to continuing with the programme and plans started by Mr Morwe," chairman Popo Molefe said in a statement on behalf of the board.  Molefe added that the board was working on filling critical vacancies at Transnet, including group CEO and CGO, in the coming months.  Transnet was one of the state-owned entities looted during the state-capture project.

• Read the full original of Genevieve Quintal’s report on the above at BusinessLive

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