This news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.
News24 reports that Exxaro Resources has promised stakeholders that there will be “no more drama” as it seeks to move on from a very public falling out with its former CEO.
The commitment came from the JSE-listed miner’s chairperson, Geoffrey Qhena, who convened the Exxaro annual general meeting (AGM) this week. Qhena was a key player in the spectacle that unfolded at the coal-mining company, starting in November last year when the board suspended its CEO and long-time employee Nombasa Tsengwa pending the outcome of an investigation. Tsengwa, who approached the court to overturn the suspension, described the probe as a witch-hunt and noted that relations with the board soured after she suspended Kgabi Masia – the head of coal – amid a probe into alleged governance issues. Masia recently exited the company by way of a mutual separation agreement Tsengwa resigned in early February after being presented with a charge sheet that she said veered away from the original complaints against her. Following her resignation, she also abandoned a court bid to have her suspension overturned. At the AGM, Dr Con Fauconnier, who had been Exxaro’s very first CEO, said he found the leadership tumult in recent months “rather sad”. His bigger concern, however, was around human capital. “All I want to make a plea for today is, let’s get back to the days when people are important. The skill of people is important,” said Fauconnier. Succession planning also seemed to have come to a halt, he noted. Responding to Fauconnier, Qhena said: “We can assure you that the board has had time to reflect and will continue to reflect. And there’s lots of lessons which we can learn. And I will repeat, there won’t be any more drama.”
- Read the full original of the report in the above regard by Lisa Steyn at News24 (subscription / trial registration required)
- Read too, Exxaro accelerates diversification with strategic manganese acquisition, at BusinessLive
Get other news reports at the SA Labour News home page