“The board will no longer proceed with the transaction, nor will it seek the requisite approval for the proposed transaction. This is based on the statements made by the minister in the media. She has pre-empted the response to the required approval as she has advised the media that the transaction ought to be cancelled.”The board would have expected the minister to engage it directly, including considering this response before expressing her views publicly.
“Be that as it may, the board hopes that in the spirit of adhering to the consultative processes of the protocol on corporate governance in the public sector the minister will still engage with it on this response and any other issues arising from the matter in future.” Last week, De Lille announced in a press briefing she had advised the board to halt all processes regarding the R910m sponsorship deal with the English Premier League football club.
Her decision was based on numerous factors, including the amount that would be spent, the public outcry and certain processes which weren’t followed. I believe in transparency. They have to learn this is the way I operate. They must get used to it, that we follow the law. It is up to them, in terms of the law, to approach me.She said after her appointment she sought legal advice on the deal, which revealed it was in contravention of the Public Finance Management Act and irregular.
They're still crying over their lost cut in this deal.
The minister is right, no time for cover ups... The deal is off accept.
Here I agree with the ministry...you sat board are a problem...you approve of unscrupulous deals...in fact you must be dissolved....you must be investigated for all your suspicious deals...8ncluding that Cuba funding....
Holiday Holiday Latest News, Holiday Holiday Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GUY STEHLIK: De Lille has little time to save the day for tourismNew minister faces myriad challenges, but her fighting spirit and energy could help drive the industry forward
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Source: News24 - 🏆 4. / 80 Read more »
Source: TheSAnews - 🏆 25. / 59 Read more »
Senegal opposition politician handed light sentence, still viable for presidencySenegal's leading opposition politician and presidential aspirant Ousmane Sonko on Thursday received a two-month suspended prison sentence for libel in a case involving the tourism minister, the minister's lawyer El Hadji Diouf said. Senegal 🇸🇳 has the 3rd largest gas reserves in the world. Yet, one of the poorest country in the world. Condemnation of Ousmane Sonko: A Big fat lie. A fabrication from the current president of Senegal who is a DICTATOR, who is trying to force a 3rd illegal term in order to…
Source: ReutersAfrica - 🏆 31. / 53 Read more »