Public Enterprises Minister Malusi Gigaba has reduced the number of Transnet's board of directors from 18 to 14.
"Minister Gigaba has decided to reduce the size of Transnet SOC Ltd's Board of Directors from the current 18 to 14 members including the Group Chief Executive and the Chief Financial Officer - the two executives who sit on the Board," the minister's spokesperson Mayihlome Tshwete said on Friday.
The decision was taken so as to ensure improved efficiencies, coordination and decision-making of the board's affairs.
Nolwazi Gcaba, Peter Moyo, Don Mkhwanazi and Tembakazi Mnyaka have retired as a consequence of the decision. The decision was informed by the length of service, skills mix and gender considerations among others.
"The Minister is greatly indebted to the diligence, selfless service and intellectual contribution by these colleagues. They have served both Transnet and the country in an exemplary fashion," said Tshwete.
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