PIC director tells inquiry Mboweni told board to resign | Fin24
Hlatshwayo testified on Tuesday that Gungubele had informed members during a meeting on Friday, February 1, that Mboweni had given the board an ultimatum to resign or face being fired.
Hlatshwayo testified that during the meeting Gungubele stepped outside to take a call and returned with the news. “On coming back, he indicated that he was about to tell the board something significant, which was about to change everything. “This is when he told the board that the minister wanted the whole board to resign immediately, failing which, the board would be fired by Monday, 4 February 2019,” she said, adding that Mboweni was going to appoint the new board by the following week.
Hlatshwayo’s testimony contradicts what was presented by Gungubele on Monday. During his testimony, he made no mention of being given an ultimatum to quit.In her statement, Hlatshwayo said she asked Gungubele if the resignation would not be considered an admission of guilt on the board’s part. She said the idea of resigning en masse came from fellow board member, Sibusisiwe Zulu, who “quickly and flawlessly dictated the letter of resignation to company secretary….
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