Banknote MD in hot water over quality

2010-11-14 22:15

Johannesburg - Disciplinary action is being taken against the managing director of the SA Banknote Company (SABN) Musa Mbhele, the organisation said on Sunday.

"Disciplinary action against the managing director of the SABN is underway after an operational problem was identified," company spokesperson Hlengani Mathebula said in a statement. SABN is a subsidiary, along with the South African Mint, of the SA Reserve Bank.

"Necessary corrective action has been taken to address the problem. An acting MD has been appointed and the SABN’s operations continue to run smoothly."

The Sunday Independent reported that Mbhele had allegedly been suspended and charged in August with failing to comply with quality standards, apparently in connection with the printing of Zambian kwacha and Namibian dollar notes.

  • awwgee - 2010-11-15 10:23

    wow - is this another multi million rand ANC cadre appointment - how much has he already been paid, what will his "golden handshake" be worth, and where will he be promoted to, as he now has the credentials of being a "true ANC cadre" - incompetance!

  • d.marais2008 - 2010-11-15 16:36

    Is SAA not looking for a new boss?

  • Dan - 2012-02-12 22:58

    Let them print toiletpaper (thats the best quality they can do ) with Juju's face on it , ill bet they will sell millions of rolls

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