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Transnet CEO, CFO to step down
![Source: Archive | Transnet](https://biz-file.com/c/2310/714003-700x364.jpg?2)
Derby and her senior management team have been under pressure from miners, industry bodies and labour unions over the deteriorating performance of the freight rail utility.
Miners say Transnet's underperformance has cost mineral exporters billions of rand in potential revenue.
Transnet, whose flagship freight rail service has struggled due to the shortage of locomotives and spares and cable theft and vandalism of its infrastructure, slumped to a R5.7bn ($302m) loss in the year ended 31 March.
South African telecoms company Telkom said in a separate statement that it had appointed Dlamini as its CFO.
Source: Reuters
![](https://biz-file.com/b/2104/2217641.jpg?5)
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/About Amna Karimi, Bhargav Acharya and Nelson Banya
Reporting by Amna Karimi in Bengaluru, Bhargav Acharya in Johannesburg and Nelson Banya in Harare; Editing by Alexander Winning.![](/res/img/s.gif)