Acsa directors Steven Mabela and Siyakhula Simelane resign from board
Two Airports Company of SA (Acsa) directors, Steven Mabela and Siyakhula Simelane, have resigned from the board of the state-owned entity over what they call corporate governance issues and political interference with the work of the board. The two directors constitute the audit and risk committee of the board. If confirmed, their resignations would mean that the board had effectively collapsed. Acsa’s memorandum of incorporation requires a minimum of three directors. The Department of Transport has confirmed the resignations. In his letter of resignation sent to Transport Minister Blade Nzimande on Friday, Mabela also cited the department’s alleged unresponsiveness to governance issues and other concerns he had raised with the department. Simelane’s resignation follows a letter he wrote to Nzimande in which he expressed his concern over governance at Acsa as chairperson of the audit and risk committee, which oversees financial reporting and disclosure. The department and the Presid...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.