‘SABS has failed to perform in line with its mandate. I have lost confidence in the board’s ability to manage the entity effectively,’ he said.
Trade and Industry Minister Rob Davies today dissolved the board of the South African Bureau of Standards (SABS) with immediate effect for failing to exercise its fiduciary duties, and its alleged complicity in the approval of the substandard Tegeta coal for state-owned power utility Eskom.
This comes after three directors resigned after Davies earlier this month asked the board members to make oral and written representations – which Davies deemed “unsatisfactory” and “unpersuasive”, respectively – as to why he should not remove them from the SABS board on the back of the allegations against the crucial institution.
“The malperformance of the board has become a matter of some concern. I have received numerous complaints regarding lack of service delivery by SABS. These have come from both big and small business, including complaints from black industrial players that government is working hard to expand,” Davies said.
More at: https://citizen.co.za/news/south-africa/1966139/davies-sacks-entire-sabs-board-over-nonperformance/
