Black Business Council Suspends CEO Danisa Baloyi Over Missing R5m

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The Black Business Council (BBC) on Monday, announced that its Chief Executive Officer (CEO), Danisa Baloyi has been suspended over a missing R5 million.

At a media briefing held at the BBC offices in Rosebank, in Johannesburg, this morning, the council said the now former CEO remains suspended pending an investigation into the missing fund. In addition to this, BBC chairperson, Sello Rasethaba, the Airports Company SA has since laid charges against Baloyi.

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The decision to suspend and press charges against the former CEO was taken at the BBC National Council meeting held on November 30, 2017, according to BBC Secretary-General George Sebulela.

As gathered, the missing R5 million was donated by the Airports Company South Africa (Acsa) and was supposed to be deposited into BBC’s account. But it was later discovered that the donation was not deposited into BBC’s bank account.

In a statement, Acsa established that the donation was brokered by Baloyi and that her office specifically instructed that the money should be paid to Merit Energy, an intermediary company. However, other BBC officials were unaware of this and approached Acsa for a donation in August, only to be told that they had already been sponsored generously just a few months earlier.



Acsa affirmed that it made the donation in two instalments earlier this year to Merit Energy and that the payments were recorded and made, according to its systems.

Following the Dr Danisa Baloyi’s implication in the missing fund, she has been barred from involving herself in any activity of the Black Business Council until an investigation is finalized. She was served with a letter of suspension on Thursday.

“Where is the money? I wish I knew. That’s part of the investigation. There is evidence that indeed implicates the president. I must say, however, [Baloyi] is not guilty until proven guilty. But there is prima facie evidence,

Key to the content of the letter is the council’s request for Dr Baloyi to refrain from any activity of the organisation in the name of the BBC until the matter had been resolved,” BBC’s Sebulela said during a question and answer session.

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Meanwhile, the former COO and executive director of Sentech, Kganki Matabane, has been appointed to replace Baloyi as the new CEO.