Barloworld CEO Dominic Sewela has been accused of a conflict of interests over the involvement of a trust for his and his family's benefit in a consortium led by Saudi Arabia's Zahid Group, which is considering making a buyout offer for the JSE-listed group.
There is "a massive conflict of interests" and Sewela should "be suspended pending a disciplinary hearing", said one analyst.
"It's preposterous that the first cautionary has been out for seven months and he [Sewela] has clearly had dealings with these guys and only now does it sound like an independent committee has been formed," he added.
The analyst believes Sewela should have immediately recused himself from negotiations and informed the board he had been approached to be the broad-based black economic empowerment party in the transaction and is now conflicted but is interested in the opportunity and would like to pursue it.
هذه القصة مأخوذة من طبعة December 03, 2024 من The Citizen.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 03, 2024 من The Citizen.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Step 1 deadline for spazas
REGISTRATION: TESTS COMPLIANCE BUT DOES NOT GRANT APPROVAL TO OPERATE
Downs are in a fantasy bubble
I'm happy to be proven wrong, but I think Mamelodi Sundowns are on a path of self-destruction.
MAKING IT COUNT
LINDE: PROTEAS ALL-ROUNDER NEARLY MISSED THE BUS
Cardoso aims to follow Pitso
New Mamelodi Sundowns head coach Miguel Cardoso (below) has wasted no time in promising to deliver success after Manqoba Mngqithi was shown the door following a run of indifferent results.
Stormers aim to disrupt Smith's game
The Stormers are gearing up for the massive challenge of stopping English maverick Marcus Smith from weaving his magic when they front up against Harlequins in their Champions Cup match-up in London on Saturday night.
English teams do not worry Bulls
STEENKAMP: EXPECTS BETTER SHOWING ON HOME TURF
England have the final say
England shook off a rain delay last night to wrap up a 2-1 series victory over South Africa, picking up a six-wicket win on the DLS method in the third and final women's one-day international (ODI) in Potchefstroom.
Scheffler scoops PGA Tour Player-of-the-Year award
Top-ranked Scottie Scheffler (right) was voted PGA Tour Player-of-the-Year for the third consecutive year, the tour has announced, after a campaign where he captured nine titles worldwide.
Louis is ready to defend title
Louis Oosthuizen (above) is ready to defend an Alfred Dunhill Championship title which he ranks as one of the best achievements of his stellar career, and against a 2024 field that is widely representative of the international talent in the game.
A 'perfect' comeback
UCL: REDS KEEPER ALISSON RETURNS TO KEEP A CLEAN SHEET AT GIRONA
