Black Business Council suspends President, appoints new CEO
The Black Business Council (BBC) has suspended its president Danisa Baloyi.
Baloyi has been suspended pending a probe into a missing R5 million donation from Airport Company of South Africa (ACSA).
BBC secretary general George Sebulela says amongst other conditions of the suspension, Baloyi must desist from conducting any activities in the name of the BBC until the matter has been concluded.
Meanwhile, Sebulela also announced that the BCC has appointed former COO and Executive Director of SENTECH, Kganki Matabane, to the position of CEO.
''The BBC warmly welcomes Mr Matabane to the council and we mostly elated with his appointment for not only his exemplary track record and experience, but more specifically his achievements and commitment to transformation.
''We are confident that Mr Matabane will champion the BBC's mission of advancing the cause for black people to become equal participants in the mainstream economy as owners and controllers of enterprises in line with the country's demographics."