By Lehlohonolo Lehana.
Outgoing Industrial Development Corporation (IDC) CEO Tshokolo Petrus (TP) Nchocho has been appointed chairperson of the inaugural Transnet National Ports Authority (TNPA) board.
Nchocho, who announced in March that he would be leaving the IDC, has over 20 years’ experience in development finance and banking, having previously also been CEO of the Land Bank.
His appointment to the board was announced in a joint statement by Public Enterprises Minister Pravin Gordhan and the chairperson of the Transnet Board, Andile Sangqu.
“This latest appointment serves as further affirmation of our commitment to enhance TNPA’s strategic position by equipping it with a depth of skills, knowledge and experience that will support our efforts to improve our ports and boost their contribution to the economy,” Gordhan said.
Nchocho will join seven other executive and non-executive directors on the board.
“We look forward to Nchocho’s contribution as we work to turnaround Transnet into a formidable catalyst for driving the country’s economic development and competitiveness. His experience adds a further positive dimension to the leadership base that is already on the TNPA Board,” Transnet chair Sangqu said.
According to the department, Nchocho brings a wealth of experience to the board.
Nchocho holds a Master of Business Leadership (MBL) from UNISA School of Business, a MSc Finance (University of London-UK), as well as an Advanced Management Program (AMP) from Harvard University, “the department said.
The other TNPA nonexecutives directors named earlier in the moth include:Khomotso Phihlela, Velile Dube, Sue Lund, Valda Grossmann and Clarence Benjamin.