State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12 months. In the position, he played a central role in convincing certain debt providers not to withdraw funds after the group’s 2018 financial results were qualified, owing to insufficient evidence that the information on irregular expenditure was “complete and accurate”.
