Sun, 20 Jun 2021

The Steel and Engineering Industries Federation of Southern Africa (SEIFSA) has put its CEO Kaizer Nyatsumba on "precautionary suspension" pending an investigation against him.

SEIFSA board chairperson Elias Monage confirmed that Nyatsumba, a former newspaper editor, has been on suspension since 3 May.

The news of his suspension has been kept under wraps until now, and the federation declined to divulge the reason for the probe.

Nyatsumba joined SEIFSA on 1 November 2013 as chief executive officer and has been at the helm during a period where the industry has faced a steady decline.

Operations Director Lucio Trentini and CFO Rajendra Rajcoomar have taken charge of the running of the organisation in Nyatsumba's absence.

Source: News24

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