Anoj Singh is nominated for the CFO Awards 2015. The factsheet below together with his interview with the panel of judges will be used to determine the CFO Award winners 2015.
Nationality: South African
CFO since: July 2012 (Acting CFO from 2009 - 2012)
Other current positions:
Executive Director, Group Chief Executive - Transnet SOC Limited
2012 - Present: Chief Financial Officer - Transnet SOC Limited
2009 - Present: Executive Director - Transnet SOC Limited
2009 - 2012: Acting CFO - Transnet SOC Limited
2003 - 2009: Senior Financial Manager at Freight Rail division - Transnet SOC Limited
University of KwaZulu-Natal - CA (SA)
University of KwaZulu-Natal - B.Acc
Mr. Anoj Singh has been appointed as Group Chief Financial Officer of Transnet Ltd. since 1 July 2012. Before joining Transnet, he worked for food retail group Spar and the auditing firm, Deloitte & Touche where he was accountant in charge of some of the firm's biggest accounts, including Tongaat Hulett, Sappi and McCarthy Motor Holdings.
Anoj Singh was winner of the Public CFO of they Year and the Compliance & Governance Award at last year's CFO Awards
Transnet is a public company, wholly owned by the Government of the Republic of South Africa and is the custodian of the country's rail, ports and pipelines. Transnet is responsible for enabling the competitiveness, growth and development of the South African economy through delivering reliable freight transport and handling services that satisfy customer demand.Transnet's mandate is to assist in lowering the cost of doing business in South Africa, enabling economic growth and ensuring security of supply through providing appropriate port, rail and pipeline infrastructure in a costeffective and efficient manner, within acceptable benchmarks.
Strategy overview and performance for the year
Transnet's strategic objectives in the context of the national transport system objectives, which are aligned with national plans such as the National Capital Investment programme, the National Development Plan and the Statement of Strategic Intent issued by the Minister of Public Enterprises on 19 November 2012, are as follows:
Reduce the cost of logistics as a percentage of transportable GDP;
Effect and accelerate the modal shift by maximising the role of rail in the national transport task;
Leverage the private sector in the provision of both infrastructure and operations where required;
Integrate South Africa with the region and the rest of the continent;
Optimise the social and economic impact of all interventions undertaken by the Company in the
achievement of the above objectives .
As a State-owned company (SOC), Transnet is required to align its strategic orientation and technical capacity with the requirements of the developmental state. Over the past 12 months there has been greater convergence between the strategic intent and objectives of the Government and the Company.
The Company's financial and operational performance for the year shows resilience despite the depressed domestic and global economic outlook. Steady progress was made against a challenging operating environment, characterised by rampant strikes impacting various mines; the downgrading of South Africa's sovereign credit rating, and increasing input costs. Notwithstanding these challenges, Transnet continued to implement the Market Demand Strategy (MDS), realising extensive operational and customer service improvements, increased productivity and efficiency, higher rail volumes, financial stability - as measured by cash interest cover and gearing, which has enabled continued execution of the capital expenditure programme - as well as delivery of various socio-economic imperatives. This strong platform has enabled Transnet to adopt a 'counter-cyclical' investment strategy, which will support the continued execution of the Market Demand Strategy over the next seven years with an investment plan of R307,5 billion.
Transnet continues to invest in capital through the current uncertain economic cycle and has accordingly maintained its capital budget. The Company is focused on long-term infrastructure and its assets are likely to be used through numerous economic cycles. This will provide a firm impetus for stimulating current and future economic growth. In addition, Transnet expects to be in a position to capture additional market share and volume growth in the next cycle as the economy recovers.
The Board has concluded that MDS still remains achievable, although at higher risk levels due to volatility and medium-term uncertainty in both the domestic and international markets. The targets in the year ahead are aligned to macro-economic variables and prevailing conditions. This provides a solid base to continue with the MDS execution as this is what the South African economy needs to stimulate economic growth.
The emphasis in the years ahead will remain on:
Proactive capital investment to support the growth;
Accelerated volume growth;
Significant productivity and operational efficiency improvements;
Continued financial stability;
Increasing direct, indirect and economy-wide jobs as well as human capital development;
Building developmental procurement capabilities to better support industrial capability building;
Enhanced economic, social and environmental value creation.
Transnet Plans $853 Million South African Oil, Gas Service Port
(Bloomberg) -- Transnet SOC Ltd., South Africa's state-owned logistics company, said it would develop a service facility for the oil and gas industry at the port of Saldanha Bay in the country's Western Cape province. The 9.65 billion-rand ($853 million) project will comprise an offshore hub that will supply food and materials, collect waste and fix rigs at the port that's 125 kilometers (78 miles) northwest of Cape Town, Johannesburg-based Transnet said in an e-mailed statement on Monday. It will also expand a jetty to accommodate floating docks to build and repair vessels.
http://www.bloomberg.com/news/articles/2015-01-27/transnet-plans-853-million-south-african-oil-gas-service-port - January 27th 2015
Transnet seeks investors for new jetty, oil rig repair quay
SALDANHA, South Africa (Reuters) - South Africa's state-owned logistics group Transnet plans to name its preferred bidders for a new jetty and deep sea oil rig repair quay, valued at around 10 billion rand ($871.42 million), at its Saldanha Port by September this year. Situated along the West Coast about 120 km (72 miles) from Cape Town, Saldanha is South Africa's deepest natural port and its geographical proximity to a slew of new oil and gas finds on either side of the continent is seen giving it an edge over other repair hubs in Europe, Singapore and Dubai.
http://www.biznews.com/energy-2/2015/01/26/transnet-seeks-investors... - January 26th 2015
Meet up with the nominees and other top CFOs at the CFO Awards 2015
On May 14, 2015 the annual CFO Awards will be held at the beautiful Summer Place in Johannesburg. This prestigious event recognises CFOs of listed companies, large corporations, parastatals and government institutions and awards them for outstanding performance and leadership. Chaired by Vusi Thembekwayo, over 250 CFOs share knowledge, extend their network and boost business.
CFO South Africa invites you to buy a table at the CFO Awards, attend the CFO Conference, join the panel of judges and become our partner. Places are limited, so book now to avoid disappointment. For more information visitCFOAwards.co.za or email Jurrien Morsch at [email protected]