JOHANNESBURG (miningweekly.com) − South Africa’s Chamber of Mines (CoM) on Thursday said that Brian Molefe’s appointment as freight logistics group Transnet’s CEO held mutual benefit for the State-owned enterprise and the country’s mining industry.
CoM CEO Bheki Sibiya said that Molefe’s appointment would bring an end to a period of uncertainty in an organisation of extreme importance to the mining industry.
He added that people in acting positions often had to deal with constraints in making the decisive long-term decisions needed to improve efficiencies in the transportation of minerals, which played a vital role in the foreign exchange earnings for the country.
Molefi’s appointment comes after Transnet was without a permanent CEO for two years, following the departure of Maria Ramos in early 2009.
He was previously the head of the Public Investment Corporation that manages pension funds of more than R800-billion for South African government employees.
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