Corporate Affairs

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    Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO

    State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12 months. In the position, he played a central role in convincing certain debt providers not to withdraw funds after the group’s 2018 financial results were qualified, owing to insufficient evidence that the information on irregular expenditure was “complete and accurate”.

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    Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO

    State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 1…

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    Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO

    State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12 months. In the position, he played a central role in convincing certain debt providers not to withdraw funds after the group’s 2018 financial results were qualified, owing to insufficient evidence that the information on irregular expenditure was “complete and accurate”.

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    Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts

    State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in 2015. General Electric was awarded a contract to supply 233 of the 365 diesel locomotives ordered, while China North Rail was contracted to supply the 232. China South Rail was awarded a contract for 359 of the 599 electric locomotives ordered, with Bombardier Transportation to supply 240.

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    Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts

    State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in 2015. General Electric was awarded a contract to supply 233 of the 365 diesel locomotives ordered, while China North Rail was contracted to supply the 232. China South Rail was awarded a contract for 359 of the 599 electric locomotives ordered, with Bombardier Transportation to supply 240.

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    Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts

    State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers (OEMs) supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in 2015. General Electric was awarded a contract to supply 233 of the 465 diesel locomotives ordered, while China North Rail was contracted to supply the 232. China South Rail was awarded a contract for 359 of the 599 electric locomotives ordered, with Bombardier Transportation to supply 240.

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    Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts

    State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers (OEMs) supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in 2015. General Electric was awarded a contract to supply 233 of the 465 diesel locomotives ordered, while China North Rail was contracted to supply the 232. China South Rail was awarded a contract for 359 of the 599 electric locomotives ordered, with Bombardier Transportation to supply 240.

  • 0

    Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts

    State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in 2015. General Electric was awarded a contract to supply 233 of the 365 diesel locomotives ordered, while China North Rail was contracted to supply the 232. China South Rail was awarded a contract for 359 of the 599 electric locomotives ordered, with Bombardier Transportation to supply 240.

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    Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth

    The Public-Private Growth Initiative (PPGI), an evolving sector-based collaboration between government and business, has earmarked 18 projects across various sectors of the South African economy for priority implementation in the coming months. Ministe…

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    Public-Private Growth Initiative identifies 18 ‘priority projects’ to unlock growth

    The Public-Private Growth Initiative (PPGI), an evolving sector-based collaboration between government and business, has earmarked 18 projects across various sectors of the South African economy for priority implementation in the coming months. Ministe…

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