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Miningmx reports that Sipho Pityana, a former director of AngloGold Ashanti (AGA), resigned as the firm’s chairman in December 2020 following an investigation into a complaint of sexual harassment.
This revelation was set down in a public statement by Pityana, who is seeking a declaratory order from the North Gauteng High Court against the SA Reserve Bank’s regulatory unit, the Prudential Authority (PA). Pityana said the PA unfairly opposed his bid to become chairman of banking group Absa. Wendy Lucas-Bull, the bank’s chairman, is due to step down next year. In his statement, Pityana denied the complaint of sexual harassment. Pityana claimed that the PA had relied on an unfair reference from Maria Ramos, the former CEO of Absa and current chairwoman of AngloGold – an allegation AGA said was “baseless”. Pityana also said the complaint of sexual harassment had been “weaponised” against him. An independent AGA investigation found that Pityana had committed sexual harassment of an AGA employee. Absa enlisted its own independent advocate who concluded the AGA report was flawed. AGA commented: “In response to allegations of sexual harassment against Mr Pityana, AngloGold’s board initiated an independent investigation, led by a senior advocate. The investigation was independent, fair and thorough, and we are confident in its conclusions.
- Read the full original of the report in the above regard by David McKay at Miningmx
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