Liberty Chair Jacko Maree on why CEO Thabo Dloti really quit so suddenly

Liberty CEO Thabo Dloti has quit with immediate effect, citing differences with the Board.

Standard Bank corporate and investment banking CEO David Munro takes over from Dloti.

Dloti served as CEO for more than three years.

The Money Show’s Bruce Whitfield interviewed Liberty Holdings Chairperson Jacko Maree.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

It’s common knowledge that Liberty is going through a difficult period.

Jacko Maree, Liberty Holdings

We set management tough targets.

Jacko Maree, Liberty Holdings

The Board felt uncomfortable with how much more still needed to be done.

Jacko Maree, Liberty Holdings

Thabo came to the conclusion that perhaps the best thing for us would be going separate ways.

Jacko Maree, Liberty Holdings

The company is not in crisis. But we’ve lost market share…

Jacko Maree, Liberty Holdings

Liberty has got a little bit stuck in its core market.

Jacko Maree, Liberty Holdings

David Munro is one of the best executives I’ve ever worked with.

Jacko Maree, Liberty Holdings

For us it [transformation] is a critical issue.

Jacko Maree, Liberty Holdings

Liberty had the courage to appoint a black CEO. We’ve lost him, sadly.

Jacko Maree, Liberty Holdings

Liberty is the 10th most transformed company in South Africa.

Jacko Maree, Liberty Holdings

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'We gave away 800 refurbished suits for people going to an interview'

'We gave away 800 refurbished suits for people going to an interview'

The Money Show’s Bruce Whitfield interviews four reps from businesses that are sacrificing some profit for the good of society.

How do you have sex in space? John Maytham on his new book ‘Rapid Fire’…

How do you have sex in space? John Maytham on his new book ‘Rapid Fire’…

Bruce Whitfield interviews famed CapeTalk presenter John Maytham about his new book "Rapid Fire: Remarkable Miscellany".

3 JSE shares you should consider buying right now (by JM Busha Investment Group)

3 JSE shares you should consider buying right now (by JM Busha Investment Group)

The Money Show’s Bruce Whitfield interviews JM Busha Investment Group Managing Director Joseph Busha.

EOH fell by 55% (while we were watching Steinhoff). Here’s why…

EOH fell by 55% (while we were watching Steinhoff). Here’s why…

What’s behind the stunning fall of the EOH share price? Bruce Whitfield interviews Traders Corner share trader Garth Mckenzie.

Lessons from the spectacular collapse of Steinhoff (e.g. diversity matters)

Lessons from the spectacular collapse of Steinhoff (e.g. diversity matters)

Bruce Whitfield interviews Gordon Institute of Business Science Dean (and marketing expert) Professor Nicola Kleyn.

Liberty CEO Thabo Dloti opens up about money

Liberty CEO Thabo Dloti opens up about money

The Money Show's Bruce Whitfield interviews Dloti about his attitude to money (hopes and fears, successes and failures, etc.).

Popular articles
South Africans Doing Great Things |  Nkosinathi Nkomo

South Africans Doing Great Things | Nkosinathi Nkomo

Wasanga speaks to Co-founder of AquaRenu, Nkosinathi Nkomo about turning a problem into an opportunity.

Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?