SOE clean-up continues with Prasa board changes

Prasa. (Duncan Alfreds, News24)
Prasa. (Duncan Alfreds, News24)

Minister of Transport Blade Nzimande has appointed an interim board at Passenger Rail Agency of South Africa to serve for a 12-month period.

Businesswoman Khanyisile Kweyama is the new interim chair. 

Nzimande, in a statement issued on Friday, said that the country has been through changes which offer “great opportunities for renewal, revitalisation and progress”.

“As espoused by President Cyril Ramaphosa during the State of the Nation Address, the Department of Transport, subscribes to this renewal project,” he said.

The board members include Khanyisile Kweyama, who will be chairperson. Other members include Sango Ntsaluba, Louis Wessie, Jenny Schreiner, Nazir Alli, Doris Tshepe, Mashila Matlala.

Nzimande also appointed Dr Simo Lushaba as the acting group CEO of Prasa. 

“This board is carefully selected on the basis of skills and expertise required to run a company of this magnitude.

“Their skills set include among others the technical, corporate governance, legal, finance, risk management and human resources,” Nzimande said of the appointments.

“As the shareholder, I ensured that only people with expertise, experience and integrity serve in these vital positions.”

Nzimande further pledged his commitment to change the “state of paralysis” at Prasa. “This must be a thing of the past,” he said.

One of the first to comment on the new board was DA MP Manny de Freitas – he raised concerns over the temporary appointments  which would “do little” to solve challenges Prasa is facing.

The board changes at Prasa is one of a series of changes which have been introduced at state-owned enterprises including Eskom and now most recently Denel.

* Sign up to Fin24's top news in your inbox: SUBSCRIBE TO FIN24 NEWSLETTER

ZAR/USD
16.76
(-0.09)
ZAR/GBP
21.15
(-0.12)
ZAR/EUR
18.93
(-0.12)
ZAR/AUD
11.64
(-0.14)
ZAR/JPY
0.16
(+0.01)
Gold
1798.22
(+0.06)
Silver
18.69
(+0.13)
Platinum
824.50
(+0.30)
Brent Crude
43.14
(+2.10)
Palladium
1961.36
(+0.61)
All Share
55417.89
(-0.66)
Top 40
51154.08
(-0.74)
Financial 15
10472.31
(+1.28)
Industrial 25
76134.69
(-1.67)
Resource 10
52483.78
(-0.20)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1935 votes
I am taking a hit, but should be able to recover in the next year
23% - 2536 votes
My finances have been devastated
34% - 3784 votes
It's still too early to know what the full effect will be
25% - 2714 votes
Vote