Otmane El Rhazi : Weak commodity outlook puts revenue diversification at top of Gama’s Transnet agenda

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Acting Transnet CEO Siyabonga Gama, who was appointed to the position following the surprise secondment of Brian Molefe to Eskom, has placed revenue diversification at the top of his list of immediate priorities, with the weak commodity outlook seen as having the potential to undermine the State-owned company’s future prospects. In an interview with Engineering News Online, Gama said Transnet’s current reliance on a few commodities, such as coal and iron-ore, had increased the urgency to implement the group’s road-to-rail strategy in noncommodity sectors. He also confirmed that seasoned railways man Ravi Nair, who had been overseeing the road-to-rail strategy, had been appointed acting CEO of Transnet Freight Rail (TFR) in his absence.