Transnet appoints Anoj Singh as Chief Financial Officer
State-owned transport and logistics company Transnet SOC Ltd, has appointed Mr Anoj Singh as Chief Financial Officer with effect from 1 July 2012. Mr Singh will also be an executive director of the company together with the Group Chief Executive.
Mr Singh, a Chartered Accountant, holds a Bachelor of Accountancy degree and a Post Graduate Diploma in Accounting from the University of Durban Westville - now University of KwaZulu-Natal. The appointment followed stringent governance processes from both Transnet and the Shareholder.
In addition to attending various committees of the Board, he will lead all aspects of the company's financial strategy, including adherence to the highest standards of governance and internal controls, manage all financial risks and oversee the company's funding and capital investment programmes. As CFO, he will also be responsible for the procurement function which includes Transnet's supplier development initiatives and broad-based black economic empowerment.
He has been Acting Chief Financial Officer of Transnet since 2009.
He joined Transnet in 2003 as a Senior Financial Manager at Freight Rail - the company's biggest division - before moving on to become General Manager: Group Finance.
Before joining Transnet, he worked for food retail group Spar and the auditing firm, Deloitte & Touche where he was accountant in charge of some of the firm's biggest accounts, including Tongaat Hulett, Sappi, and McCarthy Motor Holdings.
It is an honour and a privilege for Transnet to be able to choose among its own a professional of Mr Singh's calibre, who not only boasts an impeccable understanding of the company's operations, but demonstrates a deep understanding and commitment to the role that Transnet plays in South Africa's developmental and policy goals.
Statement issued on behalf of Brian Molefe, Group Chief Executive by Mboniso Sigonyela, spokesman for Transnet SOC Ltd, June 25 2012
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