New Transnet CEO ready to clean up procurement

[John Ashworth]

New Transnet CEO ready to clean up procurement, says she won't hamper investigations against Brian Molefe

Newly appointed Transnet CEO Portia Derby promises to clean up what she refers to as the "rot" at Transnet...

[John Ashworth]

I will clean SOE rot', says new Transnet CEO Portia Derby

New Transnet CEO Portia Derby says she will not block any investigations at the state-owned company that may implicate her ex-husband, Brian Molefe, who headed the utility from 2011 until April 2015.

Derby, who was appointed by the cabinet on Friday, told the Sunday Times she was aware of potential conflicts that might arise in her new job. She will need to clean up the company that fell victim to state capture and looting, allegedly when Molefe was in charge...

[John Ashworth]

New CEO faces tough task to get Transnet on the right track

The new CEO of Transnet, Portia Derby, has her work cut out for her. Unlike most of SA's other state-owned enterprises Transnet isn't a financial basket case. While it has a debt burden of more than R50 billion, in the past financial year posted a profit of R6 billion. Yet, it has wreaked immense damage on South Africa. Its inability to transport goods cheaply and quickly has weighed on economic growth for many years. Exporters and importers have complained of inefficiencies and bottlenecks at ports, with ships having to spend days at sea before cargo can be handled...

[John Ashworth]

New Transnet CEO vows to clean up the state-owned entity, opens up on former boss Brian Molefe (video)