Transnet’s largest trade union said on Wednesday it was “cautiously optimistic” about the appointment of former Public Investment Corporation (PIC) boss Brian Molefe as the parastatal’s new chief executive.
“Without knowing the gentleman, or his understanding of human resources in a complex rail and harbours set-up, we are not in a position to welcome Mr Molefe with open arms,” said United Transport and Allied Trade Union (Utatu) general secretary Chris de Vos.
“However, his CV would be hard to beat. He has an excellent track record, sound financial knowledge and political leverage — a vital factor in getting things done at Transnet.”
Molefe resigned as CEO of the PIC, the largest financial management company in the country, in March last year.
His appointment, also as an ex-officio member of the Transnet board of directors, will be for a period of five years.
Public Enterprises Minister Malusi Gigaba announced on Wednesday that Molefe would take over with immediate effect.
“His understanding of capital markets and asset management will be invaluable as the company moves forward with its massive infrastructure development programme,” said Gigaba.
Gigaba said the appointment would strengthen the stability of leadership at Transnet which had been without a permanent CEO for almost two years.
De Vos said Utatu was looking forward to helping Molefe find solutions to Transnet’s operational and manpower problems. – Sapa