Transnet CEO appointed at long last: Portia Derby bags top post

- Portia Derby has been appointed as the new chief executive officer of Transnet

- The state-owned entity had recommended her as a preferred frontrunner for the post

- After delays, Cabinet finally gave its approval for Derby on Friday

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Transnet finally has its new group chief executive and Portia Derby has emerged as a successful candidate.

Briefly.co.za reported that Derby has an unusual link to the entity already. Her ex-husband Brian Molefe used to occupy the exact same position.

Public Enterprises Minister Pravin Gordhan released a statement announcing the appointment of one of his former director-generals to the post:

""Trans net is one of the central entities in our efforts to revive the economy and simultaneously effect deep and meaningful reforms that will be felt by ordinary citizens and businesses as well. She will work with the board, management team, workers, unions and other stakeholders to rebuild an institution that was severely affected by state capture and large-scale corruption."

READ ALSO: Molefe's ex-wife awaiting greenlight for his old Transnet CEO post

Fin24 reports that Transnet had denied reports the utility and the minister were clashing over who will assume the top position.

Transnet has been battling without a permanent leader for the past few months, despite hosting interviews half a year ago.

Molefe's tenure at the SOE has been called into question at the Zondo Commission, where a deal to pay the Gupta-owned New Age newspaper millions.

Allegations of state capture, corruption and fraud abound, illustrating the difficult task Derby has awaiting her at the entity.

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Source: Briefly News