The acting chief executive of state-owned communications company Sentech, Beverly Ngwenya, resigned this week after disciplinary charges - ranging from gross negligence to reckless spending - against her and the parastatal's chief financial officer, Mohammed Cassim.
"Charges were about to be brought against her and she requested that her employment be terminated and the board immediately accepted her resignation. She did the honourable thing because she knew there was no way she would win this with the evidence that was going to be brought against her," said a source. In charge documents, board chairman Quraysh Patel accused Cassim of misleading the board when he allegedly informed its members that the board "was not required to consider the financial statements before they were submitted to treasury".
Full article here: http://www.timeslive.co.za/business/article543656.ece/Sentech-head-resigns-after-charges
"Charges were about to be brought against her and she requested that her employment be terminated and the board immediately accepted her resignation. She did the honourable thing because she knew there was no way she would win this with the evidence that was going to be brought against her," said a source. In charge documents, board chairman Quraysh Patel accused Cassim of misleading the board when he allegedly informed its members that the board "was not required to consider the financial statements before they were submitted to treasury".
Full article here: http://www.timeslive.co.za/business/article543656.ece/Sentech-head-resigns-after-charges
