Business Leadership SA dancing with joy at the sacking of Transnet board

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

The Money Show’s Bruce Whitfield interviewed Sizwe Mbele, Head of Strategy at BLSA.

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:

Subscribe to our mailing list

* indicates required

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Business Leadership SA dancing with joy at the sacking of Transnet board


Recommended

by NEWSROOM AI
Read More
'Capping fuel price will harm transformation, jobs and won’t benefit consumers'

'Capping fuel price will harm transformation, jobs and won’t benefit consumers'

The Money Show’s Bruce Whitfield interviews PetroConnect cofounder Sbonelo Mbatha.

3 risks to your retirement savings (and how to mitigate each of them)

3 risks to your retirement savings (and how to mitigate each of them)

Only 5% of South African retirement fund members will retire comfortably. Bruce Whitfield interviews advisor Warren Ingram.

'Constitutional change is not about land reform. It’s about the election'

'Constitutional change is not about land reform. It’s about the election'

Bruce Whitfield interviews political economist Nic Borain and Cas Coovadia, MD at the Banking Association of South Africa.

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

‘Budgeting’ for people who don’t budget (and probably never will)

‘Budgeting’ for people who don’t budget (and probably never will)

A simple savings plan for people who don’t like to budget. Bruce Whitfield interviews personal finance guru Warren Ingram.

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

You’re either a ‘money slave’ or a ‘money master’ (says author of 'My Money')

The Money Show’s Bruce Whitfield interviews Sugar Creek financial expert and author of “My Money” Gerald Mwandiambira.

Popular articles
Angry customer stops at nothing to expose bad service at upmarket hotel

Angry customer stops at nothing to expose bad service at upmarket hotel

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

Motorist who killed two goslings has been identified

Motorist who killed two goslings has been identified

According to the SPCA, he will be charged with contravention of the Animal Protection Act.

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

Gift of the Givers' Dr Imtiaz Sooliman – angel amongst men – talks about money

"I have no desire for clothes. I have no desire for holidays. I have no desire for outings. All I see is the suffering of people…"

Uber customer threatened with hockey stick by driver

Uber customer threatened with hockey stick by driver

An Uber customer shares how she was threatened by an Uber driver with a hockey stick after a disagreement.

Heads to roll for N2 car spinning frenzy

Heads to roll for N2 car spinning frenzy

WC Traffic Chief says there was no authorisation given for cars to be spun on a provincial road with the protection of officers.

'I felt racially profiled at Wellness Warehouse'

'I felt racially profiled at Wellness Warehouse'

Efua Prah shares how she felt she was racially profiled while shopping, a problem she says exists in many Cape Town outlets.

SPCA to open case against impatient CT man seen driving over two goslings in CBD

SPCA to open case against impatient CT man seen driving over two goslings in CBD

A family of Egyptian geese were crossing the road at the corner of Spin Street and Adderley Street, when the man drove over them.