Transnet Dismisses CEO Gama
- Transnet board cites ‘breakdown in trust and confidence’
- Move comes amid probe into CEO’s role in locomotive deals
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Transnet SOC Ltd.’s board dismissed Chief Executive Officer Siyabonga Gama after losing confidence in his ability to lead South Africa’s state-owned ports and rail company.
The board sent Gama a letter notifying him of its decision to terminate his employment on Sunday, almost a month after he was told to justify why he shouldn’t be dismissed.