governance Notices

Ramaphosa to oversee SOC turnarounds and other announcements: Cabinet meeting statement

The full statement issued after the cabinet meeting of the 10 December can be found hereĀ


Cabinet is concerned about the performance of some of the State-owned companies, in particular South African Airways (SAA), the South African Post Office and Eskom. These State-owned entities play a critical developmental role within the South African economy. The President has assigned the Deputy President Cyril Ramaphosa to oversee the turnaround of three state-owned companies, namely South African Airways (SAA), Eskom and the South African Post Office. Working with the relevant Ministries, the SAA will be transferred from the Department of Public Enterprises to the National Treasury. The Presidency will closely monitor the implementation of the turnaround plans of these three critical state-owned companies that are drivers of the economy.

And has approved some key appointments to SOC executive teams and boards:

To the Board of the Land Bank and Agricultural Development Bank.
a) Prof Abdus Salam Mohammad Karaan (re-appointment);
b) Ms Susan Ann Lund (re-appointment);
c) Mr Mabotha Arthur Moloto (Chairperson);
d) Ms Njabulo Zwane; and
e) Ms Dudu Hlatshwayo.

To the Transnet SOC Ltd Board (Non-Executive Directors):
a) Ms Linda Carol Mabaso (Chairperson);
b) Mr Stanley David Shane;
c) Mr Mogokare Richard Seleke;
d) Dr Gideon Mahlalela;
e) Ms Potso Elizabeth Bridgette Mathekga;
f) Ms Zainul Abedeen Nagdee;
g) Mr Vusi Matthew Nkonyane;
h) Mr Peter George Williams;
i) Mr Brett Gerard Stagman;
j) Ms Yasmin Forbes (reappointment); and
k) Ms Nazmeera Moola (reappointment).

To the Eskom SOC Ltd Board (Non-Executive Directors):
a) Mr Zola Andile Tsotsi (reappointment and Chairperson);
b) Ms Chwayita Mabude (reappointment);
c) Mr Norman Tinyiko Baloyi;
d) Dr Pathmanathan Naidoo;
e) Ms Venete Jarlene Klein;
f) Ms Nazia Carrim;
g) Mr Romeo Kumalo;
h) Mr Mark Vivian Pamensky;
i) Mr Zethembe Wilfred Khoza;
j) Dr Baldwin Sipho Ngubane; and
k) Ms Devapushpum Viroshini Naidoo.

Geoff Qhena has been re-appointed as the Chief Executive Officer for the Industrial Development Corporation. The rest of the IDC Board Members will be announced by the Minister Patel in the next few days.

Appointment of the Chief Executive Officer of the Land Bank, Mr TP Nchocho with effect from 1 January 2015 on a five year contract to 31 December 2019.

Appointment of the Chief Executive Officer of the Public Investment Corporation (PIC), Dr Daniel Mmushi Matjila with immediate effect, for a period of five years until 30 November 2019.

Leave a Reply

Your email address will not be published. Required fields are marked *