Transnet has notified noteholders that the term of its current Board of Directors has been extended by six months, effective from 12 July 2026.
The extension was approved by the Minister of Transport, acting as Shareholder Minister, and will run until 11 January 2027 or until the appointment process for a new board is finalised, whichever occurs first.
According to Transnet, the extension provides sufficient time to complete the appointment process for the new board. The notification was issued in accordance with paragraph 6.42 of the JSE Debt and Specialist Securities Listings Requirements.
The non-executive directors continuing to serve on the board are Dr Andile Sangqu, Chairperson of the Board; Ms Lebogang Letsoalo; Mr Martin Debel; Mr Dipak Patel; Mr Busisa Jiya; Ms Mosadiwamaretlwa Pearl Zambane; Ms Boitumelo Sedupane; Ms Refilwe Buthelezi; Ms KG Mbonambi; and Prof Fholisani Sydney Mufamadi.
Ms Michelle Phillips, Group Chief Executive, and Ms Nosipho Maphumulo, Group Chief Financial Officer, continue to serve as executive directors.
Transnet said the appointments were made in accordance with its Memorandum of Incorporation and its policy dealing with the nomination of directors.
