Chief executive of e-tv and eNCA, Marcel Golding, announced his resignation to staff on Monday, the broadcaster reported.<\/p>\n
He informed staff that he had no choice but to resign, but added that the fight was not over yet, eNCA online reported.<\/p>\n
Golding was last week suspended as executive chairman of Hosken Consolidated Investments (HCI), which has a 63 percent stake in e-tv.<\/p>\n
Golding appealed against his suspension in the Labour Court and lost the application on Monday morning.<\/p>\n
On Thursday, HCI said it was suspending Golding pending a disciplinary inquiry into allegations of gross misconduct.<\/p>\n
According to eNCA, HCI accused Golding of an unauthorised share trade, saying he did not have board approval to acquire shares worth R24 million in technology company Ellies.<\/p>\n
Golding reportedly claimed he was being ousted in a battle for control of e-tv’s editorial independence.<\/p>\n
HCI denied this, saying the issue was the unauthorised share trade. HCI director Barbara Hogan resigned at the same time, according to the report.<\/p>\n
She reportedly cited the fact that a probe into the Ellies share transaction unfolded in an unprofessional way, and that major e.tv shareholder, the SA Clothing and Textile Workers’ Union, had issues with e-tv’s editorial practices.<\/p>\n
HCI has stakes in businesses including gaming and leisure, media and broadcasting, transport, energy, and property.<\/p>\n
Chief executive of e-tv and eNCA, Marcel Golding, announced his resignation to staff on Monday, the broadcaster reported.<\/p>\n","protected":false},"author":4,"featured_media":30009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5554],"tags":[25,4294,4533],"class_list":["post-71794","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-media","tag-active","tag-e-tv","tag-marcel-golding"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/71794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=71794"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/71794\/revisions"}],"predecessor-version":[{"id":71798,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/71794\/revisions\/71798"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/30009"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=71794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=71794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=71794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}