New board to ‘stabilise’ Transnet

2010-12-08 16:12

Fifteen new board members have been appointed at Transnet, in the hope this would place the parastatal on a “firmer footing”.

Briefing the media today, Public Enterprises Minister Malusi Gigaba said one board vacancy would remain, for a ports specialist, which would be filled at a later stage.

“It is unfortunate that the filling of these positions has taken longer than desired to finalise, but we are confident that the appointment places the company on a firmer footing to achieve its strategic mandate as set out by the state,” the minister said.

Gigaba said the board had the required skills and experience. It would be chaired by Mafika Mkwanazi, a member of the state-owned enterprises review committee and non-executive director of the SA Bureau of Standards.

He said the appointments brought some stability to its leadership, and allowed it to better focus on its core business.

The appointments were endorsed by Cabinet today. The board would serve with effect from December 13.

The board members are: Mkwanazi (chairperson), Peter Malungani, Israel Skosana, Nazmeera Moola, Michele “Mike” Fannuchi, Doris Tshepe, Donald Mkhwanazi, Tembakazi Mnyaka, Ellen Tshabalala, Iqbal Sharma, Harry Gazendam and Professor Juergen Schrempp.

The board members retained from the outgoing board are: Peter Moyo, Nolwazi Gcaba and Nunu Ntshingila.

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