Transnet appoints new acting CEO | Fin24
According to a statement from Transnet, issued late on Wednesday evening, Morwe's contract comes to end on May 3, 2019. Transnet did not say why Morwe's contract was not renewed or extended."The board acknowledges the good work done by Mr. Morwe in pursuit of the reorganisation and operational efficiencies at Transnet and wishes to express its appreciation.
Transnet has appointed Mohammed Mahomedy as acting group chief executive. For the past 12 months, Mahomedy served as the acting chief financial officer.
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