Armscor suspends Thomo

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The Armaments Corporation of South Africa (Armscor) has suspended its chief executive officer (CEO) Sipho Thomo pending disciplinary charges, the company’s board announced this afternoon.

his follows a board meeting yesterday “to consider a report of its representatives on the discussion with Thomo aimed at arriving at an amicable separation between the company and the CEO”, the company said in a media release.

Chairman Popo Molefe in the statement inferred the meeting was a sequel to his announcement to the National Assembly’s Portfolio Committee on Defence and Military Veterans Wednesday last week that the board had asked Thomo to resign.
“As there were serious allegations against the CEO, and no agreement could be reached to settle amicably, the board, after deliberations decided to suspend the CEO with full pay and his current benefits,” he added.

Molefe said the suspension would continue pending an investigation of disciplinary charges and the convening of a disciplinary hearing if there was enough evidence to justify one.
“It is the intention of the board to deal expeditiously with the said process so as to avoid wastage of public funds. In this regard the board hopes for the cooperation of the CEO,” said Dr Molefe.

The board had informed its general managers of the suspension and appointed Sipho Mkwanazi, the current General Manager for Acquisition as acting CEO.

The general managers were requested to inform their subordinates accordingly.

The Democratic Alliance (DA) has welcomed the move.

“…Thomo’s divisive management and leadership style was a disaster and caused a virtual civil war between employees at Armscor,” shadow defence minister David Maynier said in a statement.

“Molefe must now act decisively to ensure Thomo’s exit and to stop the bleeding at Armscor. The fact is that we cannot afford another “Maroga” – an Eskom-style bungle at Armscor,” he said.



Pic: The Armscor building, Pretoria