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Seven NTI board members axed

Oct 31 2012 16:43
Johannesburg - Seven members of the board of Northwest Transport Investments, which is owned by the North West government, have been removed from their posts.

The decision was based on a recommendation by North West transport MEC Raymond Elisha, after it was established that the seven were "incorrectly appointed", spokesperson for premier Thandi Modise, Lesiba Kgwele, said on Wednesday.

Some of them were appointed by the interim executive chair, which was beyond his powers. The appointments were also contrary to and beyond the ambit of provisions of the public enterprise department's "Protocol on Corporate Governance in the Public Sector".

According to its website, the parastatal is involved in, amongst others, property- and fleet management.

In a report, Elisha claims the board failed to keep proper financial records, hold an annual general meeting for 2011, and review the company's remuneration policy.

It also allegedly failed to disclose irregular expenditure of R110.2m in the 2010/11 annual financial statements. A forensic audit was currently underway.

He said the meeting agreed to replace the dismissed board members with Mohamed Iqbal Motala, Paschallis Thapelo Makhetha, Machii Esther Dladla, and Jeanne-Marie Brown.
north west



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