Sactwu sees as political tool – Marcel Golding

2014-10-23 19:47

Marcel Golding claims political interference is behind his suspension from the company that has a stake in

The chairperson of JSE-listed black empowerment investment company Hosken Consolidated Investments (HCI), is now fighting his suspension in court, claiming he was being targeted because he wouldn’t bend to the will of SA Clothing and Textile Workers Union (Sactwu).

HCI yesterday said it had suspended Golding pending a disciplinary hearing into allegations of gross misconduct.

HCI has stakes in media company, as well as in hotel and gaming group Tsogo Sun; and Sactwu is HCI’s biggest shareholder with a 32% stake.?

“The disciplinary hearing has been launched after months of attempts to get me to relinquish the chair of the board of [HCI] and resign as CEO of [Sabido Investments] and [] as a result of my refusal to permit the main media asset of the group of companies,, to be used for political purposes by a trade union that is invested in the group," said Golding.

In one instance, Golding claimed, a representative of the union emailed the chief operating officer of's holding company saying Ebrahim Patel, the Minister of Economic Development, had called him and requested that a supplied newsfeed of President Jacob Zuma opening a dam be aired on prime time news.

"The suggestion in the email was that it 'might be a good lead story' and the last sentence read 'please raise with news desk'," said Golding.

"It should be noted that this request was made four days after the Public Protector's report into Nkandla was made public."

The chief operating officer declined the request, with Golding's support, leading to a dispute between Golding and other shareholders.

According to the charge sheet, filed with the court papers, Golding has been charged with purchasing shares worth R24 million in JSE-listed electronic and technology company Ellies without proper authorisation from the board.

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