Executives now preparing to face disciplinary hearings at Altron
Executives of subsidiary Altron Nexus were placed on precautionary suspension following an investigation that revealed potential internal irregularities
08 October 2019 - 21:35
Altron CEO Mteto Nyati said on Tuesday the disciplinary hearings for three senior executives of subsidiary Altron Nexus, who were placed on precautionary suspension in September following an investigation that revealed potential internal irregularities, will begin in about three weeks.
According to Altron, preliminary findings had revealed potential deviation from procurement processes, involving an estimated R23m, and early profit recognition of about R20m in the 2018 financial year...
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