MONDAY, 10.30AM
MOHALE MAHANYELE, executive chairman of the troubled National Sorgum Breweries, has offered to quit after weekend press reports accusing him of extravagant spending.
An auditor’s report leaked to the press reveals that he spent R168 736 on cellphone expenses, R277 131 on his company credit card and R231 256 on “other expenses”.
It is believed that the India-based partners in NSB, United Breweries, have threatened to pull out over mismanagement allegations. Mahanyele said the report had been leaked by people with ulterior motives, but said he was prepared to step aside to “allow for fresh blood”.