Klein suggested the figure was peanuts compared to Eskom’s then daily operational cost of R30-million, and R375-million annual turnover. On Thursday 15 October further evidence on Transnet is expected, with Christopher Todd, a director at Bowman Gilfillan Attorneys, set to testify. “Higher up, by assumption, was the Presidency,” he said. 2020. “But they went further than that. Transnet Freight Rail Jobs by Salary Transnet Freight Rail pays its employees an average of R354,807 a year. There are many great benefits to being a Maverick Insider. Zondo interjected, “I don’t think it’s accurate to say Transnet capitulated completely because it would have been a complete capitulation if they reinstated Mr Gama, they gave him full back pay and all the benefits. eNCA's Shahan Ramkissoon spoke to Kieswetter. Annual Results. In June 2020 it was reported in the Daily Maverick that three senior executives (Nonkululeko Sishi, Lenny Moodley and Shulami Qalinge) implicated in facilitating state capture had been dismissed. Please note you must be a Maverick Insider to comment. Nxasana averred that Zuma flouted the proper process to achieve that end. New Transnet CEO Portia Derby says she will not block any investigations at the state-owned company that may implicate her ex-husband, Brian Molefe, who headed the … Cons. South Africa’s state-owned rail and port company said it plans to scrap contracts worth billions of dollars awarded to companies including General Electric Co. … Removing advertising from your browsing experience is one of them - we don't just block ads, we redesign our pages to look smarter and load faster. He testified that Zuma said, “We must just settle this, you have to leave and you have to sort out your issues with my legal team of how you vacate the office.”. Mapoma said he “assumed” that Zuma drove Gama’s return, which came at great expense to Transnet. Portia Derby has been appointed as group chief executive of Transnet, it was announced on Friday. The Transnet Board is responsible for strengthening the Company, restoring its integrity and reputation and refocusing Transnet on its core mandate. Sign up here or sign in if you are already an Insider. Approves of CEO. The finding against him was a reported 200 pages long. Sacked Transnet CEO will still receive a salary, WATCH: Friends and family celebrate Karima Brown's life, WATCH: Impact of COVID-19 cases on education, King Goodwill Zwelithini's remains arrive home, Royal Family decides King Goodwill Zwelithini will not lie in state, Nigeria steps up hunt for 39 kidnapped students, SPONSORED: I can get thought leadership on AgriBusiness and Renewable Energy, Disneyland Paris postpones re-opening again, Biden to urge 'hope' one year after pandemic start. The Market Demand Strategy (MDS) is Transnet's investment programme aimed at expanding and modernising the country's rail, port and pipeline infrastructure over a period of seven years to promote economic growth in South Africa. Mapoma was testifying at the inquiry on Wednesday 14 October. Please sign in or register to enable this feature. DM. According to former board member Venete Klein, Eskom paid settlements to three of the four executives totalling R18.2-million. Transnet board member Edward Kieswetter says Gama was fired because Transnet lost confidence in his ability to lead the parastatal. Once again, former president Jacob Zuma has been implicated in testimony at the State Capture Inquiry. accusing Zondo of harbouring an “obsession” with Zuma. Portia Derby, the former wife of Brian Molefe, who … Comments. “Although I did not consider it my place to ask who had instructed him, I assumed that it must have been former president Zuma,” continued Mapoma. BECOME AN INSIDER. Salaries at Transnet Ltd range from an average of R144,311 to R829,786 a year. Lacking of communication with employees on critical conditions. Companies with revenues between $1 … Tweets by @follow_transnet. 80 Transnet South Africa reviews. But the president was not mentioned.”. Zuma’s attorney Eric Mabuza responded repeatedly that Zuma’s legal team would persist in a bid to have Zondo recused. 2019. Mapoma’s testimony focused on the curious tale of Gama’s suspension, dismissal and reinstatement. Interim Results. 2019. So, I don’t know what you call it. Transnet company is looking for worker's for more information contact mr ndhlovu on 0713595483. About Transnet. He was fired in June 2010, yet seniors at the parastatal were soon occupied with carving a path for his return. Former Transnet group CEO Brian Molefe conceded the freight company forgot to get approval from the government on the increase in the price of 1,064 locomotives. Amazon CEO Jeff Bezos salary of $81,840 hasn't changed in decades Published: April 16, 2020 at 11:38 a.m. Recommends. Former Transnet CEO may be forced to repay millions after illegal reinstatement. Recent evidence concerned the hurried suspension of four Eskom executives pending an inquiry into the SOE’s troubles. “[The then Eskom chair,] Mr [Zola] Tsotsi told us that there was a big, thick document in the Presidency about how this inquiry must be conducted,” testified Ngubane. Everybody has an opinion but not everyone has the knowledge and the experience to contribute meaningfully to a discussion. Gama was Transnet’s ultimate comeback kid: he was suspended for gross misconduct in 2009, found guilty at a disciplinary hearing and fired in 2010, and returned in 2011 with a bounty of benefits, including full back pay. Ex-Transnet board chair Mkhwanazi willing to pay back the money. Click here to see other benefits and to sign-up to our reader community supporting quality, independent journalism. Help us learn with your expertise and insights on articles that we publish. In early October, Zondo gave the green light for a summons compelling Zuma to testify over five days from Monday 16 November. A free inside look at company reviews and salaries posted anonymously by employees. The latest allegation relates to events at Transnet that began more than a decade ago. On Thursday 15 October further evidence on Transnet is expected, with Christopher Todd, a director at Bowman Gilfillan Attorneys, set to testify. He’s expected to receive more than R3-million for doing nothing. Transnet’s former manager of group legal services, advocate Siyabulela Mapoma, said the order for disgraced CEO Siyabonga Gama to be reinstated at the state-owned entity (SOE) came from the very top. that formed the basis for suspending the executives, to Zuma. The EFF has come out guns blazing against the appointment of Portia Derby as Transnet… The Ministry of Public Enterprises has received numerous enquiries from the media about the process to appoint a new Group CEO for Transnet. Mapoma’s testimony on Zuma’s alleged role in Gama’s return to Transnet adds to the heap of issues about which Zuma is required to answer. Positive Outlook. Transnet confirmed Gama’s suspension on Wednesday 2 September 2009. Published on Mar 1, 2020. Nxasana maintained he was fit and proper for the role, whereas Zuma wanted him out. 20 August 2020 - 05:00 Giulietta Talevi It’s been seven months since Portia Derby was named CEO of one of SA’s biggest companies — the R74bn-turnover transport group Transnet. 21 January 2020. 01 February 2020 Facebook. We encourage different, respectful viewpoints to further our understanding of the world. The former Transnet CEO has been implicated in the inquiry after the commission heard R13 million was paid out for his settlement agreement. “[The then Eskom chair,] Mr [Zola] Tsotsi told us that there was a big, thick document in the Presidency about how this inquiry must be conducted,”, Nxasana testified about his irregular R17-million sweetener and, claimed Zuma’s lawyer Michael Hulley asked him to lie. Transnet is Large logistics company that pays well it workers and has a Culture chart . Former general manager of group legal services at Transnet Siyabulela Mapoma testifies before the Zondo Commission on October 14 2020 in Johannesburg. 02-02-2020 20:25. in News. Mapoma explained his assumption, referring to his conversations with Mkwanazi: “He indicated initially that this was coming from the ministry and later on he indicated that this was coming from higher up and this is the word that he used: ‘higher up’. On Thursday 15 September 2011 the then minister of public enterprises, Malusi Gigaba, defended Transnet’s multimillion-rand payment to Gaba. Salaries at Transnet Freight Rail range from an average of R88,695 to R749,914 a year. By Baldwin Ndaba Oct 19, 2020. For comparison, among the public sector, David Cameron received a salary of £142,500 in 2015. “From the outset of my interactions with Mr Mkwanazi [he] made it clear to me that he had been instructed to reinstate Mr Gama, and that he wanted to find a way to do so cleanly,” Mapoma said. “Why did Mr Mkwanazi capitulate during the settlement negotiations?” asked Myburgh. (Photo by Gallo Images/Luba Lesolle). Transnet Salaries in Gauteng Salary estimated from 439 employees, users, and past and present job advertisements on Indeed in the past 36 months. Last updated: 19 October 2020 All rights reserved. With more online, real-time compensation data than any other website, Salary.com helps … Transnet is a world-class South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg. He is obliged to appear at the commission in a month’s time. 8.43 million, translating to about Kshs. So, it seems to me that it is something much more than capitulation.”. Email. Previously, Zuma’s foundation issued a cutting statement accusing Zondo of harbouring an “obsession” with Zuma. Public Enterprises on appointment of new Transnet CEO. The average CEO salary in the United States is $766,500 as of February 26, 2021, but the range typically falls between $579,200 and $987,600. Zuma’s foundation issued a cutting statement. Twitter. 29.8 million. Transnet SOC Ltd. has the important responsibility to make the country commercially competitive by providing and maintaining key economic infrastructure through our ports, rail and pipeline networks that facilitate the movement of goods from where they are produced. That’s what we want from our members. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. compelling Zuma to testify over five days from Monday 16 November. 23 Ratings. Evidence leader advocate Anton Myburgh SC asked Mapoma what he thought Mkwanazi meant by “cleanly” to which the witness replied that Mkwanazi required board approval. Market Demand Strategy. Siyabonga Gama . Mafika Mkhwanazi concluded his testimony at the commission on Monday largely agreeing that … 101.2 million annual salary. Transnet has been affected, but not to the same extent as the Passenger Rail Agency of South Africa (Prasa). Mapoma said Mafika Mkwanazi, then chairperson of Transnet’s board, tasked him with ensuring Gama’s return. “The payment of R10m as reflected in the annual financial statements consists of his annual guaranteed salary, the short and long-term incentive awards and encashment of leave days,” wrote Gigaba. View our comments policy here. His remuneration includes Kshs. Nxasana testified about his irregular R17-million sweetener and claimed Zuma’s lawyer Michael Hulley asked him to lie in court and say he wanted to leave the NPA. Ex-Transnet board chair implicates Gigaba in Gama’s reinstatement. Mapoma testified that he received repeated calls from Gigaba’s special adviser, Siyabonga Mahlangu, asking about delays in the process and urging Mapoma to accelerate Gama’s reinstatement. © 2020 eNCA, an eMedia Holdings company. 34.3 million salary, cash bonus award of ksh.24.7 million, deferred cash and a share value plan worth Kshs. 12.5 million and pensions and other benefits worth Kshs. Newly appointed Transnet CEO Portia Derby. Derby is the former wife of Brian Molefe, former Eskom CEO and a former Transnet CEO. A statement issued that day recorded that Gama had faced an inquiry over alleged misconduct in connection with two contracts, one for locomotive refurbishments, the other for security services. Transnet found Gama guilty of each charge against him in the disciplinary process. SPLASHFIND – Tembisa, Gauteng. Former Eskom board chairperson Dr Ben Ngubane has cited the evidence of his predecessor which traces the bogus inquiry that formed the basis for suspending the executives, to Zuma. Former Transnet CEO Siyabonga Gama … Gama approved a R19-million contract for security services when he only held authority to sign off contracts up to R10-million. https://www.enca.com/news/sacked-transnet-ceo-will-still-receive-salary The average Transnet salary ranges from approximately R 98 937 per year for Fitter to R 1 000 000 per year for Manager. View Transnet annual results. Data for 2001 and 2002 is available on The Guardian's website The parastatal’s board dismissed him with immediate effect but says it has a contractual obligation to pay him for the notice period. Class action lawsuit. Photo: Supplied. His mention of Zuma comes one month before the former president is required to testify for a second time. They claim that the then SAA chairperson, Dudu Myeni, opened the discussion, attended by Zuma and others. Two witnesses detailed a meeting at the presidential residence on Sunday 8 March 2015. in court and say he wanted to leave the NPA. Consultant Nick Linnell has testified that Zuma wanted an inquiry into Eskom’s affairs. MAVERICK INSIDERS CAN COMMENT. The minute the scrap yards opened, it went up again,” the Transnet CEO revealed. Transnet Ltd pays its employees an average of R431,272 a year. If you have grade 12 and looking for a job, then this opportunity is for you. Nxasana maintained he was fit and proper for the role, whereas Zuma wanted him out. The Department of Public Enterprises (DPE) has appointed Portia Derby as the new Transnet CEO. The testimony reflects a familiar pattern. Several of these enquiries appear to rely on rumour, gossip, concocted narratives and … JOHANNESBURG - Sacked Transnet CEO Siyabonga Gama will still get his salary for the next six months. Annual Results. They paid his contribution of 75% on his legal costs and all of that. A number of witnesses have claimed Zuma unlawfully controlled the affairs of key government institutions, including the National Prosecuting Authority (NPA) and parastatals Eskom, Transnet and SAA. Portia Derby (Supplied). Approve of CEO. ET … Pros. “The payment of R10m as reflected in the annual financial statements consists of his annual guaranteed salary, the short and long-term incentive awards and encashment of leave days,” wrote Gigaba. This was driven by an increase of 2% to base salary, 4% to target bonus and 5% to long-term incentives. Mapoma’s testimony echoed previous evidence about the exorbitant costs government entities incurred while allegedly doing Zuma’s bidding. Karima Brown is in conversation with Transnet CEO, Portia Derby. The current CEO earns a monthly salary of about Kshs. 2020. Salary information comes from 1 056 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. The median target total compensation (TTC) for CEOs increased 5% from $7.77 million in 2019 to $8.16 million in 2020. Interim Results. 5.0 ★ ★ ... "Global business delevering goods to their Customers" Jun 26, 2020 - Operator Lifting Equipment in Los Angeles, CA. 21 October 2020 - 09:45 By TimesLIVE The state capture inquiry will on Wednesday hear testimony from Transnet executive manager in the finance department Yousuf … Share this article: Share Tweet Share Share Share Email Share. The table below outlines financial data - CEO salaries and turnover figures - where available, of major charities in the United Kingdom, by capital. The contract was awarded to General Nyanda Security Advisory Services (GNS) in which the then communications minister, Siphiwe Nyanda, held a 50% stake. Select which newsletters you'd like to receive, Former Eskom board chairperson Dr Ben Ngubane has cited. “Maybe reinstatement on steroids,” quipped Myburgh. Gama is implicated in corruption and maladministration, relating to a multi-billion rand locomotive deal. The organisation fired Gama in October 2018 saying it needs a CEO that's trustworthy. In August 2019, former national director of public prosecutions (NDPP) Mxolisi Nxasana testified that Zuma wanted him out of the NPA’s top job.