Chairman of S.Africa's HCI steps down

by Reuters 0

The executive chairman of South Africa's Hosken Consolidated Investments (HCI) Marcel Golding has resigned.

This is according to an e-mail he sent to staff on Monday, citing an “intolerable” relationship with the board of the investment firm.

(READ MORE: Court rules against eTV’s Golding)

“The relationship of confidence and trust between myself and the board of HCI has broken down due to the manner in which the [DATA HCI:HCI] board has conducted itself,” Marcel Golding said in the e-mail seen by Reuters.

(READ MORE: Has Golding’s suspension been about the control of eTV all along)