The Armaments Corporation of South Africa SOC Ltd (Armscor) wishes to respond to an article published in the City Press Newspaper on 02 July 2023, with the headline “Armscor CEO accused of fraud and sexual misconduct”.
At a special sitting today, the Armscor Board considered the allegations levelled against the Chief Executive Officer (CEO), Advocate Solomzi Mbada. Having reviewed all documents, the Board did not find any substance to these allegations. As an employee, the rights of the CEO are protected within the ambit of his contract of employment at Armscor.
ADVERTISEMENT
The Board wishes to reassure its stakeholders that the organisation remains committed to entrenching a culture of and high ethical standards.
