Home | Mail | Jobs | Area Profiles | Bizstay | Rezpremises

New Small Business Funding Agency

Ebrahim Patel, Minister of Economic Development said the Small Estate Finance Agency, formed by a merger between Khulu, SAMAF and the IDC’s small business lending portfolio, would have access to millions of rands of funding.


News | Property | Business | Farms | Hotels | Land | Investment

Sanral Appoints New CEO

| News by Staff Reporter

Koos Smit has been appointed Acting CEO for the National Roads Agency

Sanral have appointed Koos Smit, Engineering Executive as the new CEO following the resignation of Nazir Alli, effective from 3 June 2012.

This is according to a statement released by the SA National Roads Agency Limited (Sanral) on Wednesday.

It said Smit would be Acting CEO once Mr Alli officially left Sanral on 3 June. He would remain in this role while the Board undertakes the recruitment process, it added.

“Smit, who is currently Engineering Executive, is a long-standing member of SANRAL’s executive management team,” Sanral said in the statement.

“He is an engineer of great experience and is widely known in the industry for his contributions to the agency’s successful development and maintenance of South Africa’s national road network.

“The Board has every confidence that Mr Smit will ensure that the daily operations of SANRAL continue at the high level for which the agency is known.”

The agency manages 16,000km of the national road network, with around 3,000km of this in tolled roads.

The Board would provide Mr Smit with all the necessary support to perform his role at this challenging time, it said.

In addition to this the Board noted the speculation surrounding Mr Alli’s resignation from the agency.

“In his letter of resignation, Mr Alli did not elaborate on factors that influenced his decision,” according to the agency’s statement.

“We can be certain, however, that this was Mr Alli’s own choice. He was not asked to resign. In fact, in the recent performance assessment of the CEO, the Board assessed him as well above average in his performance.”

The agency added that it believed Mr Alli’s decision, following a long record of service and achievement, should be respected rather than interrogated.

Source: www.bizpremises.co.za