BBS deadlock: Molefe appeals to shareholders

BBS Limited MD, Pius Molefe
BBS Limited MD, Pius Molefe

BBS Limited MD, Pius Molefe has appealed to the building society's shareholders to make the "correct governance decision" at the upcoming AGM.

Molefe and the board are wrangling over the alleged effort by five directors to extend their terms beyond their April 26 expiry. Board chair, Pelani Siwawa-Ndai wrote dismissal letters to Molefe and company director, Sipho Showa yesterday, which the pair have rejected saying the process taken was unlawful.

In a notice this afternoon to shareholders, Molefe said the pair's legal counsel had advised them to continue reporting for duty, as the row rages on.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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