New acting drivers for TFR and TPT

In a reshuffle at top level, Tau Morwe, the chief executive of Transnet Port Terminals (TPT), has been appointed acting CE of Transnet Freight Rail (TFR) pending the outcome of the disciplinary process against suspended CE Siyabonga Gama. TFR has operated without a fulltime CE since September this year. Karl Socikwa, the group executive: commercial, has meantime been appointed acting interim head of TPT. A graduate of Rhodes University, Socikwa holds Bachelor of Commerce (Economics and Accounting majors) and Bachelor of Law degrees. He practised as an attorney with Deneys Reitz Attorneys in Durban and Johannesburg before joining Transtel in 1995 as head of the legal unit. In 1999 he was appointed joint deputy CEO and two years later CEO. In 2005 he was invited to take on responsibility as head of restructuring for Transnet, primarily responsible for closure, transfer and disposal of all non-core businesses and investments in the Group. With the successful conclusion of all the major disposals, closures and transfers he was appointed group executive: commercial, responsible for the establishment, launch and rollout of this new unit which is a key enabler of Transnet’s new growth strategy.