TimesLIVE reports that Public Enterprises Minister Pravin Gordhan has announced a shake-up of the Transnet board after constraints on the railways and ports resulted in SA missing out on billions of rand in revenue.

“These appointments will put Transnet on a firm strategic path that provides critical expertise, experience and acumen for Transnet to optimally and strategically execute on its road map [and] business plan, and improve governance and optimise performance,” Gordhan said. Popo Molefe has been booted as chair of Transnet but retained as an ordinary board member. On the 11-member board, nine new appointments have been made including a new chair, Andile Sangqu, previously the vice-president of the Minerals Council and a former member of the Anglo American and Tongaat executive boards. Popo Molefe and Sydney Mufamadi, President Cyril Ramaphosa's national security adviser, were the only directors who retained their seats on the board. Poor maintenance, a shortage of locomotives and vandalism have undermined Transnet’s ability to meet its full potential. The Mineral Council has previously raised concerns that SA’s bulk commodity producers missed out R50bn in revenues in 2022 due to problems at Transnet.

• Read the full original of the report in the above regard by Dineo Faku at TimesLIVE

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