Transnet Says Indebted Companies Are Behind the Calls for its CEO’s Removal
- Durban business chamber asked minister to remove Transnet CEO
- Transnet in legal dispute with firm run by Durban chamber head
Portia Derby.
Photographer: Dwayne Senior/BloombergThis article is for subscribers only.
South Africa’s beleaguered state ports and rail company deepened its feud with the private sector, accusing business chambers of intimidation because they owe it money.
A Sept. 12 letter from a business chamber in Durban, the site of Africa’s biggest container port, to the minister of public enterprises, called for Transnet SOC Ltd.’s Chief Executive Officer Portia Derby and her team to be removed because of the woeful state of the nation’s ports and freight rail service.