Danisa Baloyi re­signs di­rec­tor­ships

Finweek English Edition - - Main stories this week -

WHAT HAP­PENED

TOP BUSI­NESS­WOMAN Danisa Baloyi re­signed all her di­rec­tor­ships as the Fi­den­tia scan­dal reached fever pitch. Her ac­tion came af­ter her de­ci­sion to fight the Absa board’s de­ci­sion to sack her due to her as­so­ci­a­tion with Fi­den­tia, placed un­der fi­nal cu­ra­tor­ship last week. Baloyi cited sus­tained me­dia pres­sure and its ef­fect on her fam­ily as the pri­mary rea­sons for her de­ci­sion. THE CIT­I­ZEN re­ported: “Danisa Baloyi’s ap­par­ent fall from grace is a set­back for black eco­nomic em­pow­er­ment.” A Busi­ness Re­port colum­nist com­men­tated: “We in the me­dia may like the idea of watch­ing a bruis­ing bat­tle be­tween a top em­pow­er­ment name and one of the old stan­dard bear­ers of Afrikaans busi­ness...”

WHAT OTH­ERS SAID

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