Boardroom brawl breaks out at BBS

Pius Molefe
Pius Molefe

A brawl has broken out in the BBS Limited boardroom, with chair, Pelani Siwawa-Ndai writing dismissal letters to managing director, Pius Molefe and board secretary, Sipho Showa.

Information sourced by Mmegi this evening suggests that the squabble broke out in recent days over non-executive board members’ decision to extend their terms beyond the three year limits which end on April 26. BBS Limited shareholders, who include the MVA Fund and other government related entities, are due to elect a new board on April 30, with five nominees already in the hat to replace the existing non-executives.

Documents indicate that on April 1, the five non-executive members, led by Siwawa-Ndai, held a meeting where Molefe was told to excuse himself, before resolutions were made to extend the terms of service by a further 90 days after April 30.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up