Neels Blom Writer at large

SA’s state-owned airports company Acsa is finally replacing CEO Bongani Maseko, who has survived several attempts to remove him from the role. He is being replaced by Bongiwe Mbomvu in an acting capacity. She is group executive of governance and assurance at Acsa. Her expertise includes corporate governance, risk, compliance and governance of ethics, Acsa said on Thursday. Maseko, who has served at Acsa for 18 years, has been named in several forensic investigations for alleged misconduct and figured prominently in long-standing concerns over corporate governance at the airports operator, as expressed in a memorandum sent to the board by transport minister Blade Nzimande. Forensic investigators have enumerated a range of irregularities, including corruption, dereliction of duty and violations of the Public Finance Management Act allegedly committed by Maseko and others. Acsa group’s former legal counsel, Bonginkosi Mfusi, has sought a court order to compel the company to provide rea...

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