“The shareholder’s role is to hold board members to account. The boards have a responsibility to ensure that a turnaround strategy is in place and that project management is taking place,” said Gordhan.
Transnet set a 'steep' target of increasing its freight rail volumes to 170-million tonnes by the end of the 2023/2024 financial year as part of a recovery plan it hopes will help boost the economy and regain the trust of its customers.
Transnet to meet with Government this week to finalise turnaround plan miningmx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningmx.com Daily Mail and Mail on Sunday newspapers.
Transnet is currently in crisis mode, after an exodus of top executives like former CEO Portia Derby, and freight rail subsidiary chief executive Siza Mzimela, earlier this month.
“The shareholder’s role is to hold board members to account. The boards have a responsibility to ensure that a turnaround strategy is in place and that project management is taking place,” said Gordhan.