1. The Chief Executive Officer and the Chief Financial Officer of Mhlathuze Water were put on precautionary suspension on 8 December 2021 following whistle-blower allegations. If proven, these allegations would require the Board to institute a detailed investigation.
2. In January 2022, based on the outcome of the preliminary investigation, the Board deemed it appropriate to extend the period of the precautionary suspension for three months with an option of extension for a period not exceeding six months in line with entity’s policy. The two remain on precautionary suspension until the investigation is concluded.
NW2003E
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