Picture: for illustration purposes

Transnet Accuses Business Lobby Groups of Intimidation Tactics

Published September 22, 2023
9 months ago

State-run logistics firm, Transnet, has enhanced its rebuttal against several business lobby factions it believes are orchestrating systemic intimidation strategies aimed at pressuring the expulsion of the company’s CEO, Portia Derby. The lengthy ongoing tension is turning into a full-blown verbal skirmish, which is having an impact on the business community.

On Wednesday, Transnet claimed these groups' demands are emerging from nonpayment issues — further insinuating that the push for the ousting of Derby is a self-serving strategy devised to advance their undisclosed intentions. However, the specifics of these intentions and identified 'agendas' haven't been disclosed by the firm yet.

The clash between Transnet and these business lobby groups has raised eyebrows within the South African business sector, leading to heightened discourse about the corporate governance and the ethical conduct of lobby groups intervening in business leadership affairs. Will this open war of words create long-term implications on the reputation of both parties involved, remains to be seen.

Leave a Comment

Rate this article:

Please enter email address.
Looks good!
Please enter your name.
Looks good!
Please enter a message.
Looks good!
Please check re-captcha.
Looks good!
Leave the first review