Fedusa puts Dennis George on precautionary suspension over AYO deal

The Federation of Unions of South Africa (Fedusa) announced on Thursday morning that it had placed its general secretary, Dennis George, on precautionary suspension.

George had been placed on special leave on February 6.

“This decision comes in the wake of allegations relating to the acquisition of shares in technology company, Ayo Technology Systems,” said the federation.

“In remaining steadfast to the principles of accountability, and the continued promotion of good, clean, ethical governance, Fedusa initiated an independent, external investigation to determine the veracity of the allegations. The investigation remains ongoing.”

George previously denied any wrongdoing to media after he was placed on special leave, saying he was only facing “allegations” and had already answered questions put to him by the federation.

READ MORE: Fedusa secretary implicated in dodgy PIC deal suspended

“I have answered some of the questions I have been asked… they [Fedusa] have a right to conduct the investigation as required by the law. But I must state these are just allegations. They are baseless,” he said on February 6.

Ayo Technology Solutions has been under the spotlight at the judicial commission of inquiry into state-run asset manager the Public Investment Corporation (PIC). George is an independent member of the Ayo board.

Earlier in the week the Companies and Intellectual Property Commission ordered the PIC to recoup its R4.3-billion investment in the company. — Fin24

We make it make sense

If this story helped you navigate your world, subscribe to the M&G today for just R30 for the first three months

Subscribers get access to all our best journalism, subscriber-only newsletters, events and a weekly cryptic crossword.”

Agency
External source

Related stories

WELCOME TO YOUR M&G

Already a subscriber? Sign in here

Advertising

Latest stories

Khoisan people march to constitutional court

List of demands includes recognition of indigenous rights and the scrapping of apartheid racial classification as ‘coloured’

Eskom fails to approach courts in property ‘garbage sale’

The power utility said it would go to court to declare ownership of land not registered to it, but has not done so

Improving cross-border trade policy is vital in solving the African...

Governments need to invest in agricultural and trade infrastructure, better farming methods and in intra-African trade

Women climbing the corporate ladder need good mentorship – from...

We need to help younger women grow and to handle the difficult situations in workplaces
Advertising

press releases

Loading latest Press Releases…
×