Golding suspension saga takes a new turn

Marcel Golding says he plans to pursue a claim of unfair dismissal.

FILE. Marcel Golding says he plans to pursue a claim of unfair dismissal. Picture: Facebook.com

CAPE TOWN - The saga surrounding businessman Marcel Golding's suspension has taken a new turn, with his resignation on Monday.

Golding was suspended as chairperson of Hosken Consolidated Investments (HCI), the holding company of eTV.

His Labour Court bid to stop his suspension and a disciplinary hearing failed on Monday.

He then resigned.

Golding was informed of his suspension earlier this month.

HCI says it relates to his decision to buy R24 million in shares, apparently without approval from the board.

In papers before the Labour Court however, Golding claims the move is part of efforts to oust him amid growing editorial interference.

The Labour Court on Monday found his suspension was lawful.

Hours later, Golding informed eTV staff that he's been forced to resign due to a breakdown in relations between himself and HCI board members.

Golding has indicated he plans to pursue a claim of unfair dismissal.