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FEDUSA Welcomes Appointment of Transnet Interim Board

The Federation of Unions of South Africa (FEDUSA) has welcomed Public Enterprises Minister Pravin Gordhan’s appointment of a team of experienced technocrats headed by former North West Premier Popo Molefe to serve as Interim Board members of troubled logistics parastatal, Transnet.

FEDUSA believes that Transnet is too important for the South African economy to be allowed to fail and the appointment opens a new chapter in its history that will be crucial moving forward.

Gordhan moved swiftly to appoint the new Board after rejecting representations by considered  by the remaining Transnet directors Seth Radebe, Potso Mathekga and Zainul Nagdee on why they should not be axed noting that:

“Transnet is facing serious allegations of maladministration and corruption. The previous board has not demonstrated appreciation of the seriousness of issues at hand or the ability to deal with these decisively in order to protect the entity in the interest of South Africans; we have to hold directors of SOCs to a high standard of corporate governance and accountability and to protect the assets of the State”.

FEDUSA believes that Molefe has amply demonstrated his ethical leadership and sincere commitment to clean governance during his long drawn out court battles with the minister of transport to force him to appoint a permanent Board for another troubled state company, Prasa.

FEDUSA is the largest politically non-aligned trade union federation in South Africa and represents a diverse membership from a variety of sectors in industry.  See www.fedusa.org.za for more information.

For interviews please contact:

Dennis George

FEDUSA General Secretary

084 805 1529

Issued by:

Frank Nxumalo

FEDUSA Media Officer

072 637 8096