Related Articles
Top Stories
May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - The SA Reserve Bank has dismissed the suspended head of the SA Bank Note Company, spokesperson Hlengani Mathebula said on Monday.
"Following a formal disciplinary process, the South African Reserve Bank has dismissed Mr Musa Mbhele as the Managing Director of the South African Bank Note Company (SABN) and as an employee of the Bank," Mathebula said in a statement.
"Mr Mbhele was suspended last year when weaknesses were uncovered at the SABN."
Mbhele was suspended in August from the SABN, which is a subsidiary of the Sarb.
"An acting MD has been in place since his suspension and she has tightened procedures and implemented the necessary checks and balances to ensure that the company provides the consistent levels of superior service expected of it," Mathebula said.
The Sunday Independent reported last year that Mbhele had allegedly been charged with failing to comply with quality standards in connection with the printing of Zambian kwacha and Namibian dollar notes.