on Wednesday, Pityana said Absa’s decision to remove him is an attack on his constitutional right to approach the court. “Every citizen in this country has that right,” he said.
“While the boards respect Mr Pityana’s individual right to administrative fairness, unfortunately in this matter, the boards concluded that the pursuit of his personal interest at the cost of the group’s interest created a sustained and irresoluble conflict. Absa has a duty to its stakeholders to put the group’s interest before individual interests,” the statement added.
“It is an unlawful decision. So I will instruct my legal team to challenge their decision … I am confident that the court will find in favour of my right to assert myself.” “Independent, as in having independence of mind … So the idea that my colleagues on the board who differ with me on the issue on whether it is right to take the Prudential Authority to court feel that our difference is a sufficient basis for them to remove me — I think is an attack on the architecture of our governance framework.”
Lawyers are the only winners in any civil lawsuit.
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