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Tito gets top Nampak job

Feb 3, 2010 10:18 PM | By Reuters and Sapa

Packaging company Nampak yesterday named Tito Mboweni as non-executive chairman from June.


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Former SARB governor Tito Mboweni
Former SARB governor Tito Mboweni
Photograph by: ELIZABETH SEJAKE

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It is the former Reserve Bank governor's first directorship after more than a decade at the central bank.

Mboweni, 50, will replace Trevor Evans, who is retiring.

Mboweni, a former cabinet minister, left the central bank in November last year after a decade as governor, but could not work elsewhere during a six-month "cooling-off" period, which ends in May.

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Feb 4 2010 07:43:45 AM
ANCisCorrupt
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Feb 4 2010 07:59:24 AM
Pleb
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Having to scrape the bottom of the barrel is the norm these days !
Feb 4 2010 08:40:26 AM
Lepopotane
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Pleb don't be an ass ....
Feb 4 2010 03:46:23 PM
Stirrer
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Yo, ex-Guv - did you settle with that heckler-shareholder chap already?
Feb 4 2010 05:37:55 PM
VinceRSA
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Tito, go back and learn from it's history:-

like a certain Liquid packaging and Form Filling company not too many years ago RIGHT HERE in Jozi!
Set up a german charasmatic technical charlatan, who created an R&D department highly qualified and exceptionally highly paid, and stocked up an IT department to rival NASA, in order to produce the worlds MOST effective "form filling machine".

After many years of endeavour, the world leaders were invited to the factory floor to see the 'switch on' of this wonderous event of TEN TONS of finely precisioned stainless steel whirrrr into rapid motion - and fill cartons at an unprecedented speed.

With some small grinding and shaking, the wheels and cogs and piston rods started their maiden journey, and all of a sudden there was this GREAT TITANIC LEAP as 10 tons of glistening stainless steel tried to leap off the floor and anihilate all.
The massive piston rods were not of correct dimension - causing the two ends of the unit to try to simultaneously separate and pull together.

Nonetheless, in what has now become true ANC bash style, all the eats were devoured and the charasmatic hero threw blame at a couple of scapegoats, instructing slight corrections be made.

MANY MONTHS later, another great heralding unveiling of this super fast bemoth was made, and low and behold the cogs started turning!
Ten TONS of precision stainless steel starting to whisk forms off of one end and to the glee of the racist managers, entered the filling stage and started to seal at the out end too.

So they set it run faster and attempt to reach the top speeds that were the REASON for the entire development, and low and BEHOLD, the liquid product spewed out in streams and strings from the top of the cartons in a world first LEADING SHOWER, "BEFORE" the cartons could be sealed.

Millions and millions of ZAR had been expended after all the fall out, on another charasmatic popular figurehead, who quietly eased off overseas, signed up with the opposition company and took a FAT BONUS on leaving as well - castigating every single other scapegoat on the way.

It was decided appropriately to then whip as much funding out of the republic as quickly as possible, and so together with Deutsche Bank, stripped Billions at a time, to Europe in various guises, rasing the interst rate of RSA to unprecedented levels.

The final onslaught was to layoff the staff and get an even keel back into the ventures existence, so hundreds were retrenched for being toolight in complexion and indians were introduced so long as they could effect "struggle accounting" to the nTH degree.
Tightly controlled stock levels were then released into the direction of alcoholic nolly AA clerks and stock holding was INCREASED 400% at the same time as the ivy appointee managed to write off R500million in assets.

The day all these mere citizens were laid off, the company also brought about the awarding of luxury company vehicles and 4X4's to it's FAT CATS in senior and executive positions, just as a final RUB to show that shagging the secretaries DOES PAY OFF better than anything sensible.

AND RSA worries about "white elephants" like the gautrain?
You all shareholders just HAVE to know what goes down in business too, it even beats the YL wastages.
Feb 4 2010 08:47:49 PM
Tackler
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More "cadre depolyment". Tito's never even run a spaza shop before and knows next to nothing about business, let alone packaging. All he has are political connections.


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