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
McKinsey ‘apology’ is full of platitudes – Corruption Watch

McKinsey ‘apology’ is full of platitudes – Corruption Watch

The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.

30 million SA ID numbers/sensitive info exposed in largest data breach ever

30 million SA ID numbers/sensitive info exposed in largest data breach ever

In other words; you’re probably a victim. The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.

Tax Ombud fights Sars on your behalf (send a complaint, it's free)

Tax Ombud fights Sars on your behalf (send a complaint, it's free)

Bruce Whitfield interviews Tax Ombud Judge Bernard Ngoepe.

12 Cabinet reshuffles (every 8.5 months, on average). Here's a breakdown...

12 Cabinet reshuffles (every 8.5 months, on average). Here's a breakdown...

Every day JZ’s re-shufflin'! The longest lasting Cabinet? 18 months! Political analyst Gareth van Onselen breaks it down.

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

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

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
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Gospel singer Sipho Makhabane explains how Sfiso Ncwane died

Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.

14 job titles that callers can't take seriously

14 job titles that callers can't take seriously

People do some very interesting things for a living, but some job titles are given more credit than others.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

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

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

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?