The Prasa board denies that Group CEO Nkosinathi Sishi has signed or entered into any agreements without its knowledge.
The board says it respects and abides by the Public Finance Management Act regulations and the Constitution.
The Daily Maverick says that Sishi is on the verge of signing a questionable multi-billion rand deal. According to the report, the agreement defies all of Prasa’s governance statutes.
It will allegedly expose the SOE to almost R5-billion in unauthorised and irregular expenditure.
Investigative journalist Sikhonathi Mantshantsha said Sishi decided to outsource all of the investment projects to the Development Bank of Southern Africa. This looks like a secretive decision,” said Mantshantsha.
You might also like…Durban mayor Zandile Gumede in the dark amid rumours she’s been axed
As rumours swirled that she has been fired as eThekwini mayor, Zandile Gumede said on Monday night that she hadn’t heard a word about the decision. Citing “three independent and reliable sources”, eNCA reported that Gumede was going to be removed from the powerful post in the wake of being charged over a R208m tender scandal.
Attempts to contact multiple ANC sources – including two communications officials and KwaZulu-Natal chairman Sihle Zikalala – to confirm the reports were unsuccessful on Monday. Contacted for comment, Gumede said: “For now I am in church. I have not heard anything. Maybe if you can contact me tomorrow I would have heard something …Read more