Today's Labour News

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transnetlogo thumb100 Business Times reports that two former Transnet executives and the board chair of Richards Bay Coal Terminal (RBCT) are believed to be front-runners for the position of group CEO at the state-owned rail and ports company.

Apparently, RBCT executive chair Nosipho Damasane, former Transnet Freight Rail (TFR) CEO Ravi Nair, and former Transnet Group COO Mlamuli Buthelezi are in the running for the top job. Damasane is a former COO of Transnet Port Terminals and has previously acted as an adviser to public enterprises minister Pravin Gordhan. She has also had a stint as CEO of the Passenger Rail Agency of SA. Damasane also chairs Indlela, a company formed late last year to invest in wagons and locomotives to improve rail and port logistics in Southern Africa. Buthelezi and Nair were among four executives suspended by Transnet in 2019 after investigations took place into maladministration as the company moved to improve corporate governance and regain market confidence after state capture. Transnet is on the hunt for a new boss after group CEO Portia Derby resigned alongside CFO Nonkululeko Dlamini in October. A week later, TFR CEO Sizakele Mzimela also stepped down. While the selection process – including the shortlisting of candidates to be interviewed – has yet to be concluded for the CEO vacancy, Damasane, Nair and Buthelezi are said to be emerging as strong contenders due to their extensive experience at Transnet.

  • Read the full original of the report in the above regard by Dineo Faku at Business Times (subscriber access only)

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