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- After the resignation of Mark Barnes from the post office this week, at least eight large South African companies are looking for a new CEO.
- Several vacancies should be filled by the end of October when notice periods for former CEOs expire.
- For more stories, go to Business Insider SA.
Post Office is the latest South African company looking for a new managing director (CEO) after the resignation of Mark Barnes from the state-owned company.
La Poste said Barnes, who held the position of CEO for three and a half years, had left the organization with some differences over the company's strategy, particularly around Postbank.
A number of other large South African companies – including at least five state-owned companies – are now seeking new leaders.
Many of the vacant positions must be filled within the next two months, at the end of the notice period of their former CEOs.
Business Insider South Africa has listed all major South African companies looking for new CEOs and for which no replacement has been announced.
Absa Bank
The former CEO, Maria Ramos, retired without a successor from Absa Bank in February, after almost ten years spent in this bank.
René van Wyk has been appointed Acting Director General.
Absa has announced the appointment of a new CEO by the end of August.
South Africa Tourism
Tourism South Africa's board of directors suspended Sisa Ntshona in April after receiving anonymous information about unspecified allegations.
The commission said it suspended Ntshona to conduct a fair investigation into the charges.
Sthembiso Dlamini has been appointed Acting Director General.
Necsa
The South African Nuclear Power Corporation (Necsa) has been without a general manager since May when Phumzile Tshelane was fired after being found guilty of misconduct.
Tshelane was found guilty of offenses related, inter alia, to the signing of a nuclear cooperation agreement with Russia without the approval of the then energy minister. , Jeff Radebe.
Eskom
Phakamani Hadebe resigned as CEO of Eskom in May. The former CEO of Land Bank said he resigned because the position included "unimaginable demands" that had a negative impact on his health.
Eskom, a state-owned enterprise, is being dissociated by the state-owned enterprises department.
Hadebe is expected to leave the troubled electricity company at the end of July 2019 and the president, Jabu Mabuza, has been appointed acting director general.
SAA
South African Airlines (SAA) CEO Vuyani Jarana resigned in June. In her letter of resignation, Jarana complained of uncertainty over funding and slow decision-making, which was delaying the airline's recovery strategy.
Jarana agreed to serve notice until the end of August.
The National Union of Metalworkers of SA (Numsa), the largest union in South Africa, has requested the reinstatement of Jarana.
Old Mutual
Old Mutual suspended and then fired General Manager Peter Moyo in June following a dispute over his involvement in a holding company. The board attributed his dismissal to a lack of trust.
However, in court documents, Moyo said he was released before objecting to the council for "improper non-disclosure of a payment of several million rand, paid by Old Mutual for [chair Trevor Manuel’s] legal fees for his highly publicized legal battle over the Guptas and their badociates ".
The High Court has since ordered the reinstatement of Moyo with immediate effect, but Old Mutual has filed a notice of appeal that maintains the enforcement of the suspended court's decision and Moyo can not report for work, suggesting that the company still hopes find another way. CEO.
Tymebank
TymeBank CEO Sandile Shabalala resigned for "personal" reasons at the end of June after serving for three years.
Tyme Bank was launched in February and is expected to have 500,000 customers by the end of July, but requires approximately 1.8 million customers to break even.
Post Office of South Africa
The South African Post is looking for a new CEO. Mark Barnes resigned after three and a half years at the helm.
The SA Post Office stated that Mr Barnes had resigned due to differences over the future strategy regarding the structure of the SA Post Office group and in particular at the Postbank location.
He congratulated Barnes for stabilizing the organization and pioneering the positioning of the Post as a "relevant point of access" for government services in the communities.
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