No reasons were provided. The announcement simply said the board of directors had decided not to extend Morwe’s contract when it came to an end on May 3.
It did, however, acknowledge what the Transnet board described as the reorganisation and operational efficiencies Morwe had set in motion and committed itself to continuing with the programmes and plans he started.
He had been acting group chief executive for six months, having been brought back from retirement in November last year after former group chief Siyabonga Gama was dismissed.
Morwe was in a unique position when he retired in 2015 having been in charge of three of Transnet’s main divisions - Port Terminals since its inception as part of Portnet in the 1990s, Freight Rail, and National Ports Authority.