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
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...

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