Mohale FM
By:Mohloai Mpesi
THE major shareholders of Naledi Funeral Planners have removed the company’s board chairperson, Malefetsane Tlelima, over the alleged “unlawful” recruitment of the suspended Directorate on Corruption and Economic Offences (DCEO) head of the Asset Recovery Unit, Peter Matekane. Mr Matekane currently serves as Naledi’s Company Secretary and is accused of being instrumental in frustrating shareholders’ efforts to remove Mr Tlelima.
The shareholders; Thabiso Madiba, Sidwell Jackson, Khojane Madiba, Mohau Linake, Retšepile Linake, and proxies Advocates Tembo Lesupi and Mokhacho Kao, resolved to dissolve the board, which consisted of Mr Tlelima and four other members. Mr Tlelima, Bonang Phooko, Tholo Shea, Soaile Mochaba, and Mamphano Tente were ousted from their positions as chairperson and directors during the Annual General Meeting (AGM) held last Friday.
The AGM, held at Thetsane Office Park, descended into chaos after Messrs Tlelima and Matekane, along with several shareholders, walked out of the meeting. Police were present in large numbers. The remaining shareholders, who constituted a majority of over 70 percent, opted to stay on, continued with the meeting, and voted to dissolve the board and remove Mr Tlelima as chairperson. They appointed Thabiso Madiba to chair the AGM.
The internal dispute at Naledi Funeral Planners appears far from resolved. Mr Matekane this week circulated a notice to shareholders stating that the AGM held on 16 January 2026 had been adjourned and would resume on 27 March 2026, implying that Mr Tlelima’s faction still considers itself the legitimate board.
