Ramasela Ganda, Public Sector CFO of the Year 2017, joins Transnet board

Other new interim board members are Louis Zeuner, Ursula Fikelepi, Edward Kieswetter and Dimakatso Matshoga.

Pravin Gordhan, Minister of Public Enterprises, has appointed a new interim board at state-owned Transnet. Popo Molefe, the former board chairman of the Passenger Rail Agency of SA (PRASA), will lead the board, which also comprises newly elected members Louis Zeuner, Ursula Fikelepi, Dimakatso Matshoga, Edward Kieswetter and Ramasela Ganda. Gordhan chose to remove the remaining nonexecutive directors Seth Radebe, Potso Mathekga and Zainul Nagdee with immediate effect.

Kieswetter is a former member of the CFO Awards panel of judges, while Ganda was elected as 2017 Public Sector CFO of the Year. She left the public sector at the end of last year to take up a position as CFO: rental and corporate service at Barloworld.

When announcing the new appointments, Gordhan said: 

“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.”

In April, Garry Pita, Transnet group CFO, resigned with immediate effect, citing health issues, and in early May, Linda Mabaso, Transnet chairwoman tendered her resignation, along with nonexecutive directors Vusi Nkonyane and Yasmin Forbes.