Mohale FM THE bitter power struggle at Naledi Funeral Planners (Pty) Ltd has deepened, with majority shareholder and current board chairperson, Thabiso Madiba, fighting to keep former chairperson, Malefetsane Tle lima, out of the company.
This follows a chaotic annual general meeting (AGM) held a fortnight ago at Thetsane Office Park, which has since landed the rival factions before the High Court’s Commercial Division
Mr Madiba has filed an answering affidavit opposing an urgent High Court application brought by Mr Tlelima and other ousted board members, in which they seek an order to block their removal and restrain what they describe as an unlawful takeover of the company.
In his papers, Mr Madiba categorically denies allegations that he unlawfully assumed the chairman ship of the AGM by coercion or provocation
The dispute is further complicated by allegations surrounding Mr Matekane, Naledi’s company secretary and a suspended senior official in the Directorate on Corruption and Economic Offences (DCEO).
He has been accused by shareholders of double-dipping by working at Naledi while still employed by the state, and of frustrating efforts to remove Mr Tlelima from office
