‘Madam, please leave…” - Cachalia on “host of reasons” to sack Transnet CE

Loading player...
Mr Ghaleb Cachalia, the Democratic Alliance’s (DA’s) Shadow Minister for Public Enterprises has called for Transnet Chief Executive (CE) Portia Derby to be sacked. He speaks to BizNews after Ms Derby’s recent remarks at a business conference that there could be catastrophic job losses in the road transport sector when rail operations improved. Mr Cachalia says that instead of focusing on fixing what is wrong with Transnet's freight rail system, Ms Derby is focusing on shoring up the trucking industry, which is not part of her mandate. He calls her “seemingly incompetent” and accuses her of moving the focus away from the much-touted Road-to-Rail Strategy, “which has never been properly implemented, which has resulted in huge failures…which has affected our economy massively…” - Chris Steyn Learn more about your ad choices. Visit megaphone.fm/adchoices
21 Aug 2023 9AM English South Africa Investing · Business News

Other recent episodes

Ryan Passmore - The "Missing Middle"

In this interview with BizNews, Ryan Passmore – Durban-based fintech founder of ZenFund Connect – unpacks why he believes South Africa's student funding system is broken, and how he proposes to fix it. Passmore points to the "missing middle": households earning between R350,000 and R600,000 a year, who are too…
8 May 5AM 15 min