Interim Prasa CEO Sibusiso Sithole Resigns

Interim Prasa CEO Sibusiso Sithole.
Interim Prasa CEO Sibusiso Sithole.

The board of the Passenger Rail Agency of South Africa (Prasa) has accepted the resignation of interim CEO Sibusiso Sithole.

In a statement released on Thursday, Prasa confirmed that Sithole tendered his resignation on 28 February and that the board has accepted it.

Sithole had been appointed as its interim group CEO on June 1, 2018 with a mandate to “bring stability and certainty” to the rail agency.

Sithole was the former city manager of eThekwini Municipality, he was also previously the general manager at the Umgeni Water Board.

During his time as CEO, Sithole and other Prasa board members accounted to Parliament about the steps being taken to clean up the group, which Transport Minister had labelled an “atm” due to financial leakages through wrongfully awarded contracts.

According to board chairperson Khanyisile Kweyama, Sithole’s resignation comes after the board advertised positions for the role of CEO, Chief Financial Officer and other key group executives. “The Prasa board of control remains committed to the goal of getting Prasa back on track,” she affirmed.

In the mean time, the Department of Transport has seconded Dr Nkosinathi Sishi to act as the Group CEO.