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Armscor asks CEO to resign  Comments
November 11, 2009


The board of Armscor has asked CEO Sipho Thomo to resign.

Board chairman Popo Molefe told Parliament's portfolio
committee on defence on Wednesday that he asked Thomo last week to quit, and gave him three days to mull the matter.

"We have asked him to resign ...He should have come back to me on Saturday. By Monday he has not done so," Molefe said.


"We now have to look at which options are open to us."

Thomo told reporters that he had no plans to do so.

"I'm not planning to resign. I have no reason to resign," he said. - Sapa
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Showing page 1 of 3 comment pages, 27 total comments
12 Weeks ago Phred wrote :
What does race have to do with this? If they guy isn't up to the job, he just isn't up to the job. Period.
12 Weeks ago Pierre Hough wrote :
yet another of Africa's woes! I am at my wits-end having made comments on this type of result. Perhaps I need to consider leaving this country, where my blood has been spattered and settle where I can read and hear news where people thrive in a democracy and an as-free-as-possible market-oriented economic system. This situation cannot go on ...
12 Weeks ago Moffat Matwerwe Sono(One Losers) wrote :
Every time we blame colour this country will be a banana state in the next 10 Years. I am black and we all Know how it works Jobs and tenders for friends and the next of keen. The People will revolt agains the ANC > Anger is building up from Grass root level (Beemers and Gov tenders must Load the state quicker before the Protest start)
12 Weeks ago Anonymous wrote :
Aha, Ask the CEO to resign because the A400 deal went belly up, Oops!. Quite possible and with higher probability the CEO just did his best to be ethical, be truthfull about the cost involved in the deal. Why now ask the CEO to leave, because this disclosing this issue may have with it, drying the underground canal of kickback especially those who are politically connected and those have third and fourth (business) personalities other than the explcit politicians we are used. Now the CEO has dried the government cow, oops no milk fellows consider the next deal, Ja, maybe a white elephant like Gautrain with the initial capital with cost around R10Bn but tallying the overall cost being about R30Bn, what about the Stadia for the 2010 world cup and end up asking for R2Bn more as of last year. The next cow, should be the river from Pretoria to Simon's Town so we can have alternative transport to flying, yeah use the corvetter from PTA to CPT.
12 Weeks ago Bigfoot wrote :
The right colour, but the wrong calibre. A .22 bullet is too small for a G6 cannon. FAIL! Give him the bullet. Bye, he was the weakest link.
12 Weeks ago AM wrote :
Perhaps it's time to change BEE to BER: Black Economic Ruin.
12 Weeks ago Papa wrote :
Guys, before you drag in your ragdoll Malema in the matter, why not 1st find out what & who Armscor is? What the problems are? Maybe indeed these black fellows have failed to run these entities, but don't we have blacks who ave excelled in other companies and whites who failed too? White idiots, please don't start generalizing! Yes for 15 years blah...blah...blah.... I remember very well after ten years we were still lamenting the lack of transformation and representativity at management level of corporate South Africa, then you wonder what is the 15 years all about? This country reached a negotiated settlement, on 28 April 1994, the whiteman was still in power even after he lost the 1st ever democratic election in RSA. Only if we had captured power at the barrel of the gun would we talk of power in the ANC for 15 yrs, unfortunately even Mandela had no power since he was too busy with reconciliation and writting new democratic and just laws for the country, hence when Mbeki came to power we started talking about the economy and inclusive participation. Only the dumb will keep talking about 15yrs. The whiteman failed to rule this country for over 350 years, first with slavery, secondly with very cheap labour, thirdly with cheap labour. So far whites beat us hands down with their failure to build this nation as one, I mean the boast 335 years more! But the have the nerve to tell us about 15 year. We still have 335 years to mess up and I doubt we will be able to reach your levels, you were worse, worse, worse and very low indeed. Shame on you!
12 Weeks ago DISGUSTED wrote :
NO board of directors would ask the CEO to resign unless there's a reason, e.g. corruption, theft, etc. BE REAL man, Julius!
12 Weeks ago MaraWhy wrote :
Don't blame BEE blame the oppressor. They are setting our fellow brothers for failure. BEE is here to stay just like they are here to stay, let's work hand in hand to see this country prosper.
12 Weeks ago Anonymous wrote :
Some of the white South Africans need to shut up becuase they don't know what you are talking about. Who said Malema represents black South Africans' views? I get annoyed when someone does not know me but is quick to give his or her shallow opinion about me. Focus on the issue on hand not race.
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