Mr. Brian Molefe is the Group Chief Executive of Transnet SOC Ltd., the state-owned freight transport and logistics company responsible for South Africa’s rail freight, ports and pipelines network. He was appointed to the position in February 2011 following a successful stint as the Chief Executive of the Public Investment Corporation (PIC). At the PIC, he led an unmatched growth in assets under management from R308 billion to just under R1 trillion between 2002 and 2010.
Molefe is leading Transnet through its record-breaking infrastructure spend programme. In April this year, Transnet launched its ground-breaking R300 billion seven-year investment programme – the Market Demand Strategy.
Molefe has a Master of Business Leadership and B.Com degree from Unisa, as well as a Post Graduate Diploma in Economics from the University of London. He has also completed the Advanced Management Programme at Harvard Business School, the Programme for Young Global Leaders at the Kennedy School of Government also at Harvard University, as well as the Executive Programme, from Wharton Business School.
Before joining the PIC, he was Deputy Director General at the National Treasury, where he was responsible for Asset Liability Management.
Molefe, a member of the SANDF’s reserve force and an honorary colonel in the SA Irish Regiment, has received several awards in recognition of his contribution to the economy, particularly his role in the advancement of black economic empowerment. These include being chosen Chief Executive Officer of the Decade by the Association of Black Securities and Investment Professionals (Absip), in October, Colonel Molefe was named Africa’s “Business Leader of the Year” by Africa Investor in Tokyo, Japan while CNBC Africa honoured him with the Business Success in Africa award.