Aurecon’s contract exposes Acsa to conflict of interest claims
Lulu Gwagwa,CEO of Lereko Investments and a board member of FirstRand, Massmart and Sun International, is also the chair of Aurecon SA
The award of a contract to Aurecon SA by Airports Company SA (Acsa) to help develop a cargo facility at OR Tambo International Airport has exposed the state-owned airports operator to allegations of a conflict of interest, following the brief tenure of Lulu Gwagwa as its non-executive chair. Gwagwa, CEO of investment company Lereko Investments and a board member of FirstRand, Massmart and Sun International, is also the chair of Aurecon SA, an infrastructure management consultancy. It is part of the Aurecon global engineering consulting group and is responsible for all operations in Africa. In a Sens announcement on Monday September 10, Acsa told noteholders that "Gwagwa will no longer be taking up the position of non-executive director and chair" of Acsa and that Deon Botha would continue acting as the board’s chair. Although the cabinet approved Gwagwa’s appointment in August, the nature and the reasons for its reversal last week were not provided. The transport department would sa...
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