Maties vs SA Rugby boss head for arbitration battle over R37m | TammyPetersen87
The multimillion-rand battle between Stellenbosch University and SA Rugby CEO Jurie Roux is headed for arbitration, News24 can confirm.
The university is claiming damages from Roux, who served as a senior director in its finance department before he was appointed as Saru's CEO in 2013. He had worked for the university between 1994 to 2012 and had served on the management of the university's rugby club for 10 years. Roux is also accused of having used a software mechanism that did not leave an audit trail and is alleged to have concealed the movement of funds between accounts to which he had access, ostensibly resulting in the university council's reserves being decreased by R35.3m from 2002 to 2010.
Roux in a replying affidavit filed before this month’s High Court postponement said he found his former employer’s civil claim against him"strange" for a number of reasons.Roux claims the money had been used for legitimate university expenses. He said the only money he took was his salary and benefits.
Roux's attorney, Frikkie Erasmus, told News24 on Wednesday that the time factor was one of the many reasons it was agreed that arbitration would be the better option."A material consideration for the university, in agreeing to arbitration, was that it had become clear in the preparation for trial that [it] would not be finalised in the time the court allocated to the matter, being Monday to Thursday for two court weeks," he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Controversial article on coloured women a ‘reality check for Maties’ | Cape ArgusStellenbosch University vice-chancellor Wim de Villiers said the institution “will need to work very hard to rebuild trust” with all stakeholders.
Read more »
Moody's bleak on SA outlookWhile South Africa’s credit profile has proven to be resilient it's likely to continue to erode, according to Moody’s Investors Service.
Read more »
SA media out of touch with reality, Malema assertsAn analyst says Malema is trying to shift his ideological stance towards a more socialist movement to try and capture trade unionists' support.
Read more »
Murdered Ugandan woman's family to get justice after suspect's arrest in SA | The StarSusan Maraga's family paid R2.6m to her kidnappers but her mutilated body was found on the side of the road.
Read more »
Online banking fraud still on the rise in SA – banking ombudsmanThe ombudsman's report stated that 7,307 cases were closed last year - 12% more than in 2017 and an increase of 40% over the last two years.
Read more »
Cabinet looms as next key hurdle for investors in SAWith South Africa’s election out of the way, the next key moment for investors will be the appointment of President Cyril Ramaphosa’s cabinet.
Read more »
ANC must not let down voters after they rewarded it well for nearly destroying SAGovernment and opposition have opportunity over next 5 years to show citizens democracy can work for all
Read more »
SA hails Saray Khumalo for being first black woman to conquer Mount Everest | IOL NewsMessages of congratulations were pouring in from all over the world for SarayKhumalo who became the first woman to reach the top of Mount Everest.
Read more »
SA cocaine mule 'Druglocks' has sentence reduced in Thailand amnestyConvicted drug mule Nolubabalo 'Babsie' Nobanda, who is serving time behind bars for smuggling cocaine in her dreadlocks, has had her sentence reduced in an amnesty granted to prisoners in Thailand.
Read more »