BREAKING: Former Necsa board wins court case against Jeff Radebe | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

BREAKING: Former Necsa board wins court case against Jeff Radebe

CAPE TOWN – On Friday in the North Gauteng High Court in Pretoria Acting Judge the Hon Justice Mtati passed judgment in favour of Dr Kelvin Kemm, Mr Phumzile Tshelane and Mrs Pam Bosman in their case against former minister of energy Mr Jeff Radebe.

Radebe had accused the Necsa chairman Dr Kemm, the Group chief executive Tshelane and Board Audit and Risk committee chair Pamela Bosman of 'defiance' when they objected to the former minister conducting negotiations with an American company to sell part of the lucrative nuclear medicine company NTP to the US company.

NTP is wholly owned by Necsa. These discussions were held by Radebe without informing the Necsa Chairman, chief or Board at the time. Within 48-hours of axing the board and chief executive, Radebe appointed a new chairman, board and acting chief. In court papers, Radebe admitted that he had started assembling the new board over four months earlier.

During 2019 Necsa has gone through five acting CEO's. Trade Union NEHAWU has also held protest action over the conduct of the present board.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Improved cybersecurity laws needed to deal with rising SA cybercrime | IOL Business ReportCybercrimes across digital banking platforms alone increased by 75% in 2018.
Source: IOL - 🏆 46. / 51 Read more »