Busa imbroglio deepens

2011-05-22 11:13

Business unity took a battering on Friday as the National Black ­Business ­Caucus came out guns blazing ­during the process to ­appoint an executive to head ­Business Unity South Africa ­(Busa), the sector’s most important ­organisation.

Busa chief executive Jerry ­Vilakazi’s term comes to an end this week and the organisation has set up a team to draw up the job specs for his successor.

The fracas now revolves around Busa ­vice-president Mthunzi Mdwaba, who has stated his intention run for the post – an action considered poor governance by the caucus.

After a meeting on Friday, the caucus said: “Any office bearer availing themselves for the position of CEO that has been involved in the ­process from inception?.?.?.?is ­objectionable and unacceptable.”

The imbroglio goes back to the election of Futhi Mtoba as ­president of Busa last year. Black business rallied behind businessman Sandile Zungu ­instead, but he was beaten to the post by Mtoba, who is the ­chairperson of Deloitte Touche ­Tohmatsu Limited.

Fin24 reported that Mtoba said all the organisation’s processes were being followed and that the process of shortlisting candidates had been handed over to a recruitment agency. One of the names submitted to the agency by a Busa member, according to Mtoba, was that of Mdwaba, who has indicated that he will run for the post.

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