It’s vital that Transnet’s leadership, particularly the board, must be composed of people with “unimpeachable integrity”.
So said Business Leadership South Africa (BLSA) in a statement on Wednesday.
BLSA applauded the sacking of the former Transnet board, and implored Public Enterprises Minister Pravin Gordhan to be "imaginative and brave" when he concludes the appointment of a new board.
Gordhan on Tuesday appointed ANC veteran Popo Molefe as interim Transnet Chairperson, and five interim board members.
We understand that the Minister could not leave Transnet without a board after sacking the old board hence the need for an interim board. We urge him to bring in a strong board with a diverse range of skills (in finance, engineering, good governance, legal and management of major capital projects), integrity and commitment to working towards inclusive growth and transformation.— Bonang Mohale, Business Leadership South Africa
Listen to the interview in the audio below (and/or scroll down for quotes from it).
There are 327 state-owned enterprises… Pravin Gordhan is responsible for six of those…— Sizwe Mbele, Business Leadership South Africa
They [SOEs] are meant to drive the economy… therefore we demand strong boards and ethical leadership…— Sizwe Mbele, Business Leadership South Africa
The State Capture project is at least 10 years old… Now it’s time to clean up all the mess that the previous administration has been driving… In the past 10 years, State Capture robbed us of at least a trillion rand…— Sizwe Mbele, Business Leadership South Africa
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Daily Maverick Publisher Styli Charalambous.
VAT at 17%... yoh! Bruce Whitfield interviews Lee Kasumba, who is exploring Mozambique’s central port city of Beira.
You've probably never heard of Chuck Feeney. Nevertheless, he’s one of the strangest, most impactful people who has ever lived.
The Money Show’s Bruce Whitfield interviews Wits University Professor of International Relations John Stremlau.
"I will still gladly bet my life on the quality of our product," says Pratley Group CEO Kim Pratley.
The Money Show’s Bruce Whitfield interviews distinguished Africa correspondent Lee Kasumba, who is in Mozambique’s central city.
The annual MTN Walk the Talk with 702 takes place on 22 July this year, under the theme 'Walking for South Africa'.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
The Money Show’s Bruce Whitfield interviews Sugar Creek financial expert and author of “My Money” Gerald Mwandiambira.
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
Favourites to feed your soul on Sunday.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?