South African Steel Association SEIFSA Suspends CEO Mr Nyatsumba
The Steel and Engineering Industries Federation of Southern Africa has put its CEO Mr Kaizer Nyatsumba on precautionary suspension pending an
The Steel and Engineering Industries Federation of Southern Africa has put its CEO Mr Kaizer Nyatsumba on precautionary suspension pending an investigation against him. SEIFSA board chairperson Mr Elias Monage confirmed that Mr 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. Operations Director Mr Lucio Trentini and CFO Mr Rajendra Rajcoomar have taken charge of the running of the organisation in Nyatsumba's absence.
Mr 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.
Incidentally, SEIFSA called for metals and engineering industries disaster support and recovery plan recently in order to afford the industry an opportunity to re-set, reposition and prepare the groundwork for business survival, stability, certainty and industrial peace. With South Africa’s economic outlook unlike any situation experienced before SEIFSA argued that the time had come for parties to work together and more so, in the area of collective bargining, to construct a collective agreement that has the potential to offer something to everyone. With negotiations set to continue on 21st and 22nd June 2021, SEIFSA gave notice that it intends to reach out and attempt to work with all employer and trade union stakeholder, testing and challenging traditional and long established paradigms in order to determine whether indeed it is possible to move forward, ideally with the support of all but at the very least with the support of the majority.