Latest Media Releases

2006

Transnet extends Ms Ramos' contract

On behalf of the board, I am pleased to announce that Ms Maria Ramos has agreed to renew her contract as the Group's Chief Executive for a further two years when it expires in October 2006. This means that she will continue in her role as Chief Executive until October 2008.

Ms Ramos took over the helm of the Group at the most difficult time in its history - that is, when its very own survival was in doubt and needed a committed leader of her calibre.

Over the past two years, she has assembled and led a team of consummate executives to assist her in the task of stabilizing this public asset and putting it on a new growth path. Her contribution is evident in the group's financial and non-financial results during her stint in the organisation, and in the increasingly positive customer feedback, which we are receiving.

Let me take this opportunity to congratulate her and thank her for accepting the challenge of transforming Transnet into an efficient freight transport company that delivers a reliable service to all its customers.

Her acceptance of the challenge gives Transnet the opportunity to consolidate the progress it has made under her stewardship in the last two years.

Finally, I take this opportunity to assure her of my personal and the Board's continued support in her efforts to transform Transnet into a world-class institution that we can all be proud of.

Mr Fred Phaswana
Chairman
Transnet Ltd

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