Four affiliate chambers of the South African Chamber of Commerce and Industry (Sacci) have made an urgent application in the High Court in Pretoria for Sacci’s annual general meeting held on October 19 to be declared invalid and set aside. The chambers say the election of the Sacci board of directors was irregular, invalid and not in accordance with the body’s memorandum of incorporation, amid allegations of financial impropriety, following the tabling of Sacci’s audited financial statements. Sacci represents about 20,000 small, medium and large enterprises across all economic sectors in SA. Chamber CEO Alan Mukoki said on Monday that court papers had been filed by parties unhappy with the way the board had been elected. Mukoki referred Business Day to Sacci’s legal counsel, Paton Dennison of PJD, for comment. Dennison said later on Monday that Sacci had not yet submitted an answering affidavit as the "unilaterally imposed deadline" by the applicants of November 4 had not allowed en...
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