insert_link South Africa Transnet Welcomes Michelle Phillips as New CEO and Nosipho Maphumulo as CFO South Africa's Public Enterprises Minister, Pravin Gordhan, has appointed Michelle Phillips as the new CEO of Transnet. With over 20 years of experience at the state-owned entity, Phillips previously served as the acting CEO following high-level resignations last year. Additionally, has been appointed as Transnet's Chief Financial Officer. Minister Gordhan expresses confidence that these appointments will steer the entity strategically and facilitate the execution of ongoing reforms, according to department […] today29 February, 2024
insert_link South Africa Load shedding & Transnet caused huge losses – SA Budget 2024 National Treasury plans to draw down from a special R500bn account for the first time to reduce debt and associated servicing costs over the next three years, according to the 2024 budget delivered by the finance minister on Wednesday February 21 2024. today21 February, 2024
insert_link South Africa Democratic Alliance in South Africa Raises Concerns Over State-Owned Enterprises’ Financial Woes The DA in South Africa expresses distress over the financial challenges faced by state-owned enterprises following the National Treasury's release of the third-quarter government expenditure report. Eskom, set for a substantial bailout, reports a significant loss, while municipal debt rises sharply. Troubled entities include the Land Bank, South African Airways, Transnet, and Denel. The DA warns against the ANC's bailout strategy, citing potential threats to fiscal sustainability, essential services, and […] today15 February, 2024
insert_link South Africa Cape Town Container Terminal Achieves Record Productivity at 17 Moves per Hour Transnet Port Terminals proudly announces that the Cape Town Container Terminal achieved an impressive milestone, achieving a high productivity rate of 17 moves per hour in a single shift last week. Oscar Borchards, the Acting Western Cape Managing Executive of Transnet Port Terminals, expressed the commitment to ensuring continuous improvement over an extended period.Borchards also revealed ongoing training for lifting equipment operators on new gantry cranes. This initiative aims to […] today1 February, 2024
