After just over a year, the relationship between the board of CNA and its boss has turned sour as the more than century-old stationery retailer trawls its coffers for cash to pay creditors and its top shareholder bails out.

CNA procurement manager and board member Olinka Nell said the board is accusing CEO Benjamin Trisk, who took over in February 2020, of approaching business rescue practitioners without the board’s consent. She also confirmed Business Day’s reporting that the company is in financial trouble...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.