South Africa: Transnet appoints new acting CEO By News24
According to a statement from Transnet, issued late on Wednesday evening, Morwe’s contract comes to an end on May 3, 2019. Transnet did not say why Morwe’s contract was not renewed or extended. Subscribe to Fin24’s newsletter here
“To this extent the Board commits to continuing with the programme and plans started by Mr. Morwe,” board chairperson Popo Molefe said in the statement. “The stability of the organisation remains a key focus of the board and this appointment was made with this in mind, giving consideration to Mahomedy’s experience at Transnet over a period of more than 12 years,” Molefe said.
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