Chief Executive Officer | SA Radio .com

Prasa head suddenly resigns after only 9 months and his resignation comes as a shock to the SA business sector

Posted on 04/03/2019 Leave a comment

The Chief Executive Officer of Passenger Rail Agency of SA (Prasa), suddenly handed over his resignation to the Board, and his resignation apparently means his immediate retirement.

Sibusiso Sithole’s resignation came just nine months after being appointed to the post, and the unexpected resignation raised many eyebrows in the business sector.

The Board of Directors confirmed that the resignation was received and accepted by the Board.

Sithole was appointed last year in place of Mthuthuzeli Swartz.

Photo – Sibusiso Sithole
Read the original article in Afrikaans on Die Vryburger
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Can the sinking ship be saved? – Denel’s deterioration is attributed to political appointments made where incompetent people are placed in key positions who have no knowledge of the arms industry, now the state entity has appointment a new Chief Executive Officer

Posted on 21/12/2018 Leave a comment

The Cabinet approved Daniel du Toit’s appointment as Chief Executive Officer at Denel. He will immediately pay attention to superficial contracts entered into during the state hijacking period. Cost cuts will also be one of its priorities.

The arms manufacturer has deteriorated dramatically over recent years due to the political appointments made in top management who lack knowledge of the industry.

The ANC government had to save the industry of total collapse numerous time with financial support, and many contracts entered into resulted in enormous loses.

Read the original article in Afrikaans on Die Vryburger
This report does not necessarily reflects the opinion of SA-news.

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