EMLM and senior official who was suspension following the VBS saga call it quits
GROBLERSDAL – Elias Motsoaledi Local Municipality has confirmed that its council has withdrawn charges of misconduct against its suspended Municipal Manager, Minah Maredi.
The local municipality informed that Maredi would tender her resignation as Municipal Manager within days of her been notified of the related resolution of council.
EMLM said council would pay Maredi 12 months of her salary package and the local municipality mayor, Julia Mathebe, was to ensure that Maredi was provided with a positive letter of reference.
According to the local municipality, each party is to bear its own costs with regard to the disciplinary enquiry.
Maredi was suspended as the Municipal Manager after the local municipality invested the total amount of R190 million with the now collapsed VBS bank between 2016/2017 and 2017/2018 financial years.
EMLM said the entire capital of R190 million which was invested with the now defunct VBS was withdrawn.
Simon Makua, EMLM Communications Manager, said the total interest received by the local municipality from VBS was R2, 559 million.
Makua said only an amount of R48, 247 relating to interest was not received and that amount was also disclosed under note 10 of 2017/2018 annual financial statements.
“To this end, the municipality confirms that no financial loss was experienced on the invested capital and furthermore, no service delivery programmes or projects were negatively affected by this investment,” said Makua.
The local municipality indicated that it spent R289 669 34 on the acting allowance for the position of the Acting Municipal Manager and R1780 959 96 on the suspended MM’s salary.
“We can confirm EMLM Municipal Manager, Minah Maredi, has parted ways with the local municipality after EMLM Council resolved to settle the municipal manager during a virtual special council meeting held on the 10th July 2020,” confirmed Makua.
