Siza Mzimela, CEO of JOHANNESBURG-Transnet freight rail, has resigned and will formally leave her position at the end of this month.
She was forced to resign as a result of intense pressure from the board, company, and organized labor at the rail agency.
Mzimela served in that capacity for three years before submitting her letter of resignation on Wednesday.
READ: According to Untu, Derby’s resignation as Transnet CEO was not unexpected.
Days after Nonkuleko Dlamini and Portia Derby, the CEO of Transnet Group, announced their resignations, she left.
Along with a failing rail network, the troubled state-run ports and logistics company are experiencing financial difficulties.
Massive layoffs of about 35, 000 miners could result from the company’s precarious position.
At the end of October 2023, Ms. Sizakele Mzimela, the CEO of ReliableTFR, will resign from her position. In April 2020, Ms. Mzimela joined TFR, Transnet’s largest operating division.
Russell Baatjies has been hired by Transnet to serve as acting TFR CE. XNGDRyAbju on Twitter
October 5, 2023, Transnet SOC Ltd (@ follow_ transnet )