South Africa Names New Chair of Transnet Board As It Combats Logistic Snarls
- Andile Sangqu named as port, rail company’s new chairman
- Mining lobby estimates $8 billion export cost from failures
A Transnet SOC Ltd. freight train in Mpumalanga, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
South Africa revamped the board of the state-owned ports and rail operator, appointing a former mining executive as its new chairman as it seeks to improve inefficient infrastructure that major exporters say constrains business.
The government appointed Andile Sangqu, a former vice president of the Minerals Council South Africa and ex-executive head for Anglo American South Africa Ltd., as chairman of Transnet SOC Ltd., the Ministry of Public Enterprises said in a statement.