Rob Rose Editor: Financial Mail

High noon looms for construction company Group Five as a precedent-setting vote to install an entirely new board of directors will take place on Monday.

The meeting was called by 25% shareholder Allan Gray, whose director, Andrew Lapping, said he had "lost confidence" in the board — the first time a shareholder has taken such a bold step. Ahead of the meeting, Group Five’s board, led by chair Philisiwe Mthethwa (wife of arts & culture minister Nathi Mthethwa), promptly resigned.

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