![Santam's new brand repositioning moves it into a new era, but the brand will retain, for now, its distinctive yellow umbrella logo (Image supplied)](https://biz-file.com/c/2409/749986-64x64.jpg?2)
Subscribe & Follow
Brian Molefe new Transnet CEO
The announcement was made at a press conference by Public Enterprises Minister Malusi Gigaba.
Molefe's appointment, which is for a period of five years, starts with immediate effect.
"Transnet has been without a permanent group chief executive for a considerable period of time, which is undesirable given its strategic importance to the South African economy. Molefe's appointment strengthens the stability of the leadership of Transnet," said Gigaba.
He said that it also "allows the company's primary focus to return to that of running a sustainable business, which provides economic benefit to the country."
This, Gigaba said, allowed SA to meet its objective of a developmental state, in particular, the plans to expand capacity in the rail, ports and pipelines infrastructure and meet the demands of the growing economy.
"The filling of critical vacancies within the group remains a priority for the incoming CEO. This supports President Jacob Zuma's directive for a government and state-owned entities to fill vacant posts with a period of six months," said the minister.
Gigaba said that following the appointment of the board of directors in December last year, and now the chief executive, the goal of restoring leadership stability to Transnet had been realised.
Source: SAnews.gov.za
![](https://biz-file.com/b/1207/168633.jpg?1)
SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates.
Go to: http://www.sanews.gov.za![](/res/img/s.gif)