Transnet appoints Gama as permanent chief executive

Gama has been acting CEO for a year.
Transnet CEO Siyabonga Gama

PRETORIA – Siyabonga Gama was appointed chief executive of South Africa’s state-run transport firm Transnet, the public enterprises minister said on Wednesday, confirming him to a post he has held in an acting capacity for a year.

Gama was appointed acting chief executive last April, replacing Brian Molefe, who took over the helm of cash-strapped power utility Eskom which is scrambling to keep the lights on.

Transnet is in better financial shape than other state owned enterprises, and late last year raised R12 billion ($815 million) for its locomotive fleet acquisition programme.

“Gama spent the past 14 years in various executive positions at Transnet and his extensive experience in transport logistics and infrastructure,” Lynne Brown, the public enterprises minister, said in a statement.

Among the challenges Gama faces is the need of drought-hit South Africa, normally a net-exporter of maize, to import millions of tonnes of the grain through its ports.

($1 = R14.6935)

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