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Cape Town – Amid allegations of gross misconduct, suspended e.tv CEO Marcel Golding has resigned.
Hours after the Cape Town Labour Court ruled against Golding in his application to urgently interdict Hosken Consolidated Investments (HCI) [JSE:HCI] over his suspension and disciplinary hearing, Golding told e.tv and eNCA staff in an email that he was “forced to resign”.
In an email seen by Fin24, Golding told staff: “You are aware of the reports in the newspapers over the past few days and the fact that I was suspended and expected to face certain charges brought against me by HCI. I deny these charges.
“I am of the view that the manner in which HCI intended to conduct my hearing as well as the circumstances which led to the decision to bring charges against me has rendered my employment relationship with HCI intolerable.
“The relationship of confidence and trust between myself and the board of HCI has broken down due to the manner in which the HCI board has conducted itself. In the circumstances, I have been forced to resign and I will in due course be bringing a claim of unfair dismissal on the grounds that I have been constructively dismissed.
“I do this with a heavy heart …”
HCI owns 63% of shares in Sabido and e.tv. See infographic.
- See full judgment delivered on Monday
- e.tv boss court application fails - as it happened
Here is the email Golding sent staff:
Hours after the Cape Town Labour Court ruled against Golding in his application to urgently interdict Hosken Consolidated Investments (HCI) [JSE:HCI] over his suspension and disciplinary hearing, Golding told e.tv and eNCA staff in an email that he was “forced to resign”.
In an email seen by Fin24, Golding told staff: “You are aware of the reports in the newspapers over the past few days and the fact that I was suspended and expected to face certain charges brought against me by HCI. I deny these charges.
“I am of the view that the manner in which HCI intended to conduct my hearing as well as the circumstances which led to the decision to bring charges against me has rendered my employment relationship with HCI intolerable.
“The relationship of confidence and trust between myself and the board of HCI has broken down due to the manner in which the HCI board has conducted itself. In the circumstances, I have been forced to resign and I will in due course be bringing a claim of unfair dismissal on the grounds that I have been constructively dismissed.
“I do this with a heavy heart …”
HCI owns 63% of shares in Sabido and e.tv. See infographic.
- See full judgment delivered on Monday
- e.tv boss court application fails - as it happened
Here is the email Golding sent staff:
