Golding reveals what led to his being ousted

2014-10-25 00:00

JOHANNESBURG — Two days after the shock disclosure on Sens that executive chair Marcel Golding was being ousted from the HCI group, his side of the story is starting to surface.

In an affidavit lodged with the Cape Town labour court ahead of the proposed hearing yesterday, Golding outlined how his almost two decade long partnership with Johnny Copelyn hit the rocks over their vastly differing approach to political interference in their key media asset.

Golding presented the court with 57 pages listing the reasons why he is being forced out of the group by trade union Sactwu.

The way Golding tells it, the union’s provocateur within the group, one Yunis Shaik first got Golding’s wife Bronwyn Keene-Young sidelined after she resisted a direct instruction of coverage from the Zuma cabinet.

Then Shaik targeted Golding himself. And because Golding didn’t buckle, Shaik and the now estranged Copelyn are using the red herring of an investment in Ellies to forcefully eject him.

HCI controls Sabido, the holding company in which Johann Rupert’s Remgro is a one-third shareholder. Thus far Rupert has been silent on the matter. Sabido, in turn, owns

Golding personally owns eight percent of HCI and apart from chairing the company is also the CEO of Sabido and, which with 15 million viewers, is a massive prize for political interests.

This story has massive implications. Not least, that the lip service which the ANC pays to media freedom is, quite clearly, just that.

Golding will partly know his fate on Monday after he turned to the court to have his suspension as Hosken Consolidated Investments chair overturned. — Fin24.

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