BBC suspends CEO as R5m ‘goes missing’

Written by on December 4, 2017

The Black Business Council (BBC) has suspended CEO Danisa Baloyi on Monday, following the disappearance of a R5 million donation.

Baloyi has been instructed to “refrain from any activity of the organisation in the name of the BBC” until the investigation is complete.

According to Fin24, there is no consensus between BBC and the Airports Company SA (Acsa), the donor, as to how the donation appears to have gone missing.

Business Report Online reports that to Acsa’s knowledge, the deal was brokered by Baloyi and was reportedly paid to an intermediary company, Merit Energy.

However, BBC was apparently unaware of this.

Fin24 reports that BBC requested a donation from Acsa in August, only to find out that they had already ‘received’ a donation.

On Friday, BBC hired an audit firm, Sizwe Ntsaluba Gobodo, to look into why they did not receive the money, reports eNCA.

BBC has announced that Kganki Matabane, former COO and executive director of Sentech, will take over as CEO of the company.




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