Ex-council chair accuses University of CT of corporate bullying tactics to target her

Former University of Cape Town (UCT) council chair Babalwa Ngonyama is accusing the university’s council of using what she refers to as corporate bullying tactics to target her.

This is in response to a letter she said was sent by UCT’s Joint Investment Committee chair, Sello Moloko, and council chairperson, Advocate Norman Arendse, to investment holding company Camissa Asset Management in which Ngonyama’s business has a stake.

Ngonyama said in the letter, the university threatens to withdraw UCT investment funds placed with Camissa because the dividends she receives through her company could be used to fund her legal battle against the institution.

Last year, a report compiled by an independent panel into the governance crisis at UCT revealed that Ngonyama breached the council’s code of conduct and committed serious governance failures by misleading the institution.

However, she has dismissed these findings as an attempt to tarnish her name and is now embroiled in a legal dispute with the university.

Ngonyama said the insinuation that dividends her business receives from the investment company could be used to fund her legal battle are unfounded.

“What is most concerning is the implied use of UCT’s Joint Investment Committee and retirement funds, as platforms to pursue political agendas.”

UCT has told the publication that it will not be commenting on the matter.

-EWN

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