Black Business Council: Ketso Gordhan proposed a “racist” PPC board
As if the drama surrounding the goings on at PPC didn’t already read like a soap opera, now you have a very clear and direct accusation of racism.
As if the drama surrounding the goings on at PPC didn’t already read like a soap opera, now you have a very clear and direct accusation of racism.
The increasingly antagonistic boardroom shenanigans at PPC have completely overshadowed the company’s full year results which were released today.
Adding to the wealth of content that has driven a public spat between Ketso Gordhan and the PPC Board of Directors, Gordhan has added a voice of caution to the perspectives being sewn together for PPC’s shareholders.
The former PPC CEO Ketso Gordhan has spent the recent weeks lobbying PPC shareholders, three of whom – Foord, Visio, Old Mutual – have requisitioned an SGM.
A longstanding executive of South Africa’s PPC Ltd has left the company, the cement maker said on Thursday, becoming the latest departure following a high-profile tussle between the board and its former chief executive.
I’m not sure it’s possible to have a boring conversation with Piet Viljoen, founder of RECM. He is extremely well read, thinks deeply and were it possible to be described thus, is excessively rational. But today’s discourse on my CNBC Africa Power Lunch show was even better than usual. The conversation ranged from the end … Read more
Gordhan’s resignation from PPC last weekend about the board overstepping the mark by blocking him from firing a disruptive member of his executive team.
By Tiisetso Motsoeneng JOHANNESBURG (Reuters) – The chief executive of South African cement maker PPC quit abruptly on Monday, with the company citing clashes between him and the board, sending its shares to their biggest daily fall in nearly six years. Ketso Gordhan, who was appointed at the start of last year, leaves the company … Read more
David Shapiro is strongly supportive of Ketso Gordhan’s approach at PPC where corporate governance is getting a practical application with the upcoming SGM.
Yesterday afternoon’s announcement that PPC’s Ketso Gordhan had left with immediate effect because of a dispute caused a 7% drop in the share price.