The City of Johannesburg on Thursday said inaction on the damning Special Investigations (SIU) report has led to the removal of Moeketsi Rabodila as chairperson of the board of directors of Joburg Property Company (JPC).
The City of Johannesburg property company has announced that Kuluwa Muthwa is interim chairperson, “with immediate effect” until the next Annual General Meeting.
It has been 10 months since the JPC board received the SIU report, which implicates senior executive managers of the property entity in corruption and/ or the misuse of the ratepayers money.
The JPC board received the report on 29 March 2021.
Announcing the changes Member of the Mayoral Committee for Economic Development Nkululeko Mbundu said: “It has been 10 months since the release of the SIU report, with the board not having completed the implementation of the recommendations of the report as directed”.
“As a rate and taxpayer myself, it beggars belief why persons charged with the execution of specific fiduciary responsibilities, and responsible for overseeing the (mis)management of billions in public funds would elect to not act when a legitimate law enforcement authority recommends as such.”
Mbundu added: “This includes the period up to and including this Monday, January 24th 2021 when the Multi-Party Government agreed to remove the chairperson.”
“The Mayoral Committee expectation would be for the board to complete the process to either exonerate or find against the affected officials,” said Mbundu.
“Instead, the board surprisingly accepted the findings of a 3rd party they contracted to effect the SIU recommendations, that such charges did not have a reasonable probability of success without fully engaging the SIU on these counter findings.”
Mbundu said the unwarranted delay in the finalisation is concerning and it does not give the impression that there was necessary leadership capability to finalise the SIU report.
“The Shareholder has therefore exercised its discretion to recall or remove a director if the performance of the director is unsatisfactory,” said Mbundu.
“As the Citys political head responsible for this entity, I find this inaction reprehensible.”
