Cresta MD resigns amid scandal
Friday, December 02, 2016
Makaya’s resignation follows reports of misappropriation of funds at the company which resulted in the chief finance officer, Valentine Mganga dismissed from work last month.
In a statement, Cresta board chairperson, Maria Nthebolan said the process of identifying a new managing director and chief finance officer to lead the business will commence shortly.
The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...