After 3 years at the helm, Transnet freight rail CEO Siza Mzimela bows out

Siza Mzimela, the CEO of Transnet freight rail, retires after three years in charge.

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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.

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