Despite being named one of the worst ports in the world, and shortly after an entire container of ammunition disappeared from secure lockup in Durban harbor during recent riots, Transnet Port Terminals plans to create a “super terminal” in Durban, enabling the port to handle very large vessels, and hopefully improve the efficiency of the port after its dismal rating earlier this year. Seems the ANC wants to put private investors’ money at stake and at risk of plunder, because it is not being privatised.
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ANC Government Begs for Private Investors to Pay for Transnet Extensions at “World’s Worst” Durban Harbor
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New Interim Board Appointed At Transnet after Gordhan removed all remaining directors
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The Department of Public Enterprises has confirmed that a new interim board has been appointed at Transnet.
In a statement issued on Monday night, Public Enterprises Minister Pravin Gordhan announced that he has removed all the remaining Transnet directors with immediate effect and that he’s appointed a new interim board, pending a full appointment, in consultation with Cabinet.
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