The group said this was "in view of the furore that has apparently been triggered by an internal disciplinary process initiated in relation to the chief executive of one of Transnet's operating divisions".
Transnet said: "It is important to point out that we understand fully the frustrations brought about by the delay in the selection process. However, we are doing all we can to ensure that the matter is speedily resolved."
It said the acting Group CE of Transnet, Chris Wells, and the executive team were well positioned to ensure the continued success of Transnet and to take full advantage of the emerging signs of an upturn in the global economy.
"At the appropriate time, we will make a further announcement on this process," it concluded.
Transnet confirmed last week on Wednesday that Siyabonga Gama, the chief executive at Transnet Freight Rail, had been suspended, pending the outcome of an internal disciplinary process.
"Mr Gama has been requested to attend a disciplinary hearing relating to an alleged serious breach of governance requirements in respect of two procurement contracts," Transnet said in a brief statement.
"Transnet is committed to ensuring that due process in relation to the disciplinary matter is followed, and the process, which enjoys the Board's unanimous support, will be adjudicated by an independent and external arbitrator".
"We have provided a commitment to all our stakeholders that this process will not impact on our service delivery in any way.
"Our clients deserve an efficient, reliable, cost-effective and safe service from all our operations," the parastatal added.
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