Embattled Western Province look on the bright after exit of two more board members

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Embattled Western Province believe the departure of two more board members‚ who happened to be sponsors' representatives‚ will not set the tone for others to follow.

In fact‚ Western Province Ltd chairman Ebrahim Rasool contends that this now gives them the opportunity to advance their transformation targets.

The boardroom merry-go-round has partly happened as a result of investor and equity partnership deals Western Province have been linked with over the last year. “Given the difficult times we live in‚ we need a board member who could ensure we have financial and legal depth in the functioning of the board.

Rasool addressed the latest deal on the table – the $6m offer for a controlling stake from New York based MVM Holdings.

 

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