'Not out of the woods yet': Transnet says phase 2 of recovery plan is underway
Transnet says business is stabilising as it forges ahead with its recovery plan - but admits there's still a long way to go.
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Transnet says business is stabilising as it forges ahead with its recovery plan - but admits there's still a long way to go.
Public enterprise minister Pravin Gordhan has appointed Michelle Phillips as Transnet Group CEO and Nosipho Maphumulo as the chief financial officer.
Some Tanzania-bound ships being diverted to Mombasa port as Kenya harbour has recorded the highest port turn-around time of one day compared with regional peers.
The new Transnet board faced a grilling from parliament’s portfolio committee on public enterprises on Wednesday, as the economy continues to reel from port and rail logistics constraints that have choked the supply of goods.
The rail division head sent a letter to staff on Thursday, informing them of her resignation and that she planned to stay on until the end of October.