Outa: Portia Derby should’ve been fired as Transnet CEO a long time ago
Organisation Undoing Tax Abuse (Outa) CEO Wayne Duvenage says the resignation of Transnet CEO Portia Derby is long overdue.
Transnet announced on Friday that Derby, who also joined the state-owned entity three years ago, will vacate her office at the end of October.
Duvenage says the fact that Derby left out of her own volution is yet another indication of a lack of accountability, poor leadership and poor performance management at the country’s state-owned enterprises.
The entity recorded a R5.7 billion loss for the 2022/23 financial year due to declining revenue.
"We wonder why it took so long for her to be removed,” says Duvenhage.
“I think she felt the pressure, which is why she resigned, but quite frankly, she should have been fired some time ago.
"We want the government to start taking stricter action to not allow people to sit in these positions for as long as they do. They need to get people who can manage and lead very complex industries and businesses like this. If we don't get this right, the economy will never get sorted out.”
Michelle Phillips, Chief Executive of Transnet Pipelines, has been appointed as acting GCE with effect from November 1.
ALSO READ:
