Former director-general of the National Treasury Dondo Mogajane says he is restoring the reputation of the Moti Group, the controversial family-owned company he has joined as CEO.
Mogajane says that his role is to sort out governance and clean up the firm's reputation, especially with banks, as neither it nor its founder Zunaid Moti has any criminal charges against them. Moti announced on Wednesday that he was"stepping away" to leave the company in the hands of Mogajane and his 24-year-old son Mikaeel.
The group has substantial interests in property, security, aviation, fleet management and mining. The mining assets in Limpopo and Zimbabwe, including Zimbabwe's biggest chrome mine and large Lithium deposits, will be retained by Moti himself and separately managed. Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury ex-boss takes control of controversial group after founder Zunaid Moti bails | BusinessControversial businessman Zunaid Moti announced on Wednesday that he has 'stepped away' from his namesake Moti Group, leaving the business in the hands of former Treasury director-general Dondo Mogajane. | AhmedAreff News24_Business
Source: News24 - 🏆 4. / 80 Read more »