Thursday, August 11News That Matters

PTC Suspend Seven people

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People’s Trading Center (PTC) has suspended seven of its senior management members for writing a letter which protested the selling of PTC to Tafika Holdings Limited.

PTC Chief Executive Officer (CEO) Ferdinand Mchacha has confirmed the suspension of the senior members but denied to give more details; saying it is an internal matter.

The seven are, Treasury and Creditors Manager Edgar Chilumpha, Markets Development Manager Chiku Kaphuka, Internal Audit Manager Justin Masanjika, Acting Merchandise Manager Dalitso Chalira, Operations Manager Centre, Dalitso Kazamila, Acting Operations Manager South, Gibson Chimchere and Information Systems Manager, Dennis Mhango.

But one of the suspended members who opted for anonymity has told Rainbow that they have been given a 30 days suspension pending investigation.

On 18 May this year, the seven wrote Press Cooperation Limited requesting it to reverse the selling of PTC to Tafika Holdings Limited; claiming the latter does not have the capacity to run PTC hence the deal should be cancelled.

PTC has been bought by Arson Malola, a Malawian based in South Africa at a price of K6 billion.

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