The chaos and depletion at the board of Airports Company SA has forced Transport Minister Blade Nzimande to extend CEO Bongani Maseko’s tenure by another six months. This was despite pending legal action to stop the minister reappointing Maseko or extending his term at the state-owned airports operator. The applications by Acsa Group’s former legal counsel, Bonginkosi Mfusi, were based on damning findings of three forensic reports produced by advisory group Deloitte, attorneys Norton Rose Fulbright and Dr VS Mncube Consulting, in which Maseko was accused of a range of irregularities, including corruption, dereliction of duty and serious violations of the Public Finance Management Act. Disciplinary hearing Each of the reports recommended that Maseko and other implicated parties be suspended until the outcome of a disciplinary hearing. This recommendation was adopted and passed in resolution by the board on February 3 2017. Neither Acsa nor the minister has explained why Maseko has no...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now