South African Broadcasting Corporation CEO Madoda Mxakwe has denied that he is the accounting authority of theMxakwe was designated by the Ministry of Communications with the approval of the Treasury. However, it turned out that Mxakwe did not sign the designation letter.
Mxakwe explains, “We brought both heads of legal from both institutions and Advocate [Ntuthuzelo] Vanara. In no uncertain terms raised concerns about the said paragraph because I don’t want to assume powers that I do not have. And then the question about what is my role here. I’m here as the accounting officer not the accounting authority of the SABC. So, I’m here as the accounting officer of the SABC, as the Group Chief Executive Officer and I had made it very clear.
“After that, the Department then consulted with National Treasury who granted the approval for the designations and the Treasury has since advised that that paragraph is not prescriptive. It was essentially advisory to the CEO that in all likelihood he should not enter into those contracts but should the need arise, that those be entered into, he should do so in terms of good corporate governance practices.
“I mean, it seems just outrageous that let’s just assume that the GCEO accepts the appointment. He is party to making decisions in the EXCO and now he is going to approve them as the designated accounting officer. I mean that’s a huge conflict of interest. It cannot be. It just cannot be. The board must surely be appointed. We have heard nothing to justify the delays. We have heard the Deputy Minister tell us that the delay lies with the President.
So who then..? Because I don't know if it is legal not to have such an appointment in a company...
CyrilRamaphosa Khu_Ntshavheni Come on you two, you can do it🙃
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Source: SABCNews - 🏆 37. / 51 Read more »