Weekly Press Review – 21 May 2018

Transnet has appointed a new CFO after a scandal involving the Gupta family. According to the press, Transnet has appointed Mohammed Mahomedy as the interim chief financial officer to take over from Garry Pita who resigned last month amid the financial scandal. Public Enterprises Minister Pravin Gordhan has also appointed a new Transnet interim board … Continue reading Weekly Press Review – 21 May 2018

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Weekly Press Review – 31 October 2017

 Transnet has instituted a group-wide investigation into its contracts and suppliers amid the rampant allegations of rent seeking and kickbacks at state-owned companies.  According to the press, chief executive Siyabonga Gama said that the company was dealing with allegations of wrong-doing in its contracts, insisting that the problem was not about Transnet governance processes or … Continue reading Weekly Press Review – 31 October 2017