Coega CEO move may unblock stalled business initiatives
09 September 2020 | Web Article Number: ME202020417
LONG-standing Coega Development Corporation (CDC) Chief Executive Officer Mninawe Silinga is leaving the organisation.
The CDC board announced that Silinga would be joining the Transnet National Ports Authority (TNPA) as its CEO on 1 October 2020, after being with the corporation since 1998.
“The 22 year relationship between the CDC and Transnet has been positive, and we believe that with Silinga at TNPA this relationship will grow from strength to strength and propel the economic transformational agenda of the Eastern Cape province,” the CDC said in a statement.
It added that Silinga’s move to the TNPA may also help unblock “more than a handful of ground-breaking business initiatives that have stalled over the past years due to misalignment between the two entities”. It did not name the plans, but described them “key to the transformation of the Eastern Cape’s economy”.
The CDC said that when Silinga joined in 1998 he was tasked with the “enormous responsibility” of establishing a leadership team that would develop and operate the then Coega Industrial Development Zone (IDZ).
“[This was] a challenge he grabbed and performed successfully. Subsequently, the team led by Pepi (as he is commonly known), saw the Coega IDZ being gazetted in the year 2000.
Subsequently, “Under his tenure as CEO, the Coega Special Economic Zone (SEZ) was gazetted by the former Minister of the then Department of Trade and Industry, Dr Rob Davies.”
The CDC said Silinga and his leadership team had implemented systems and processes that had ensured good corporate governance in the organisation.
During his tenure as CEO, the CDC received unqualified audit opinions from the Auditor General of South Africa.
“He provided stability in the organisation despite the changes in the leadership of the country and the province. The CDC will remain indebted to Silinga for his unwavering dedication and diligent service to the organisation and to the millions of stakeholders who rely on the CDC for socio-economic transformation.”