Wil­liam won’t tell

Finweek English Edition - - COMPANIES&MARKETS -

SHORTLY AF­TER the wooden panel pro­ducer re­ceived its sec­ond in­stal­ment of a R30m loan from the Depart­ment of Trade and In­dus­try, its MD, Wally van Coller, is sus­pended “pend­ing an in­ves­ti­ga­tion”. Now un­like the rest of this re­spectable mag­a­zine, Th­eS­PEC­ta­cle puts huge stock in co­in­ci­dence. How­ever, see­ing as WILTELL is based in the wild West Rand of Jo­han­nes­burg – where a brandy and Coke is also known as a Krugers­dorp cap­puc­cino – let’s fo­cus on what we do know.

Ac­cord­ing to the com­pany, Van Coller’s ac­tions won’t have any ef­fect on WilTell’s fi­nances what­so­ever. Phew. Good to hear the cook­ies are still safe in the jar.

Still, we’d like to know what Van Coller did to de­serve such in­dis­creet treat­ment on Sens. Clearly, a com­pany tee­ter­ing on a suc­cess­ful re­cov­ery can’t be seen go­ing soft on an MD who’s been around for less than a year.

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