“We are interviewing potential candidates to find a permanent CFO. That process is continuing,” said Sithole on Tuesday during the PIC’s results presentation.
“The PIC found that there were challenges with the arbitration award [that More be reinstated] and the PIC is taking the matter on review at the Labour Court. That matter will unfold in line with the Labour Court’s prescriptions,” said Sithole.More was suspended two years ago on full pay, earning R6.9-million during the 2021 financial year.
She accused the chair of the disciplinary hearing of “bias”, adding that the PIC terminated her employment without providing reasons, thereby rendering the dismissal “inappropriate”. The previous board, led by Reuel Khoza, has pinned the AYO matter on More and former CEO Dan Matjila. The previous board itself has, on numerous occasions, said More and Matjila compromised the PIC’s governance affairs by being involved in the AYO transaction. The board even launched an internal investigation resulting in More being charged with signing a settlement memorandum before PIC officials had approved the transaction.
Source: Law Daily Report (lawdailyreport.net)
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