BLSA statement misleading, says Transnet

State-owned Transnet on Thursday said Business Leadership South Africa’s (BLSA’s) statement claiming that it had suspended Transnet’s membership is inaccurate and misleading.    Transnet explained that BLSA had approached it earlier this year to consider renewing its membership for this year but that Transnet had elected not to renew its membership owing to cost-cutting measures. “This was communicated to BLSA on August 9,” Transnet said in a statement.   The company subsequently received a meeting request from BLSA CEO Bonang Mohale to discuss the cancellation.