A row over race and culture at Sanlam Investments has gone public in the Cape Town Labour Court. Clashes in 2019 led to the firing of Sanlam Properties CEO Andre Rheeder, a 29-year veteran with the financial services giant. Rheeder was accused of resisting transformation and being either insubordinate, insolent or racist towards his new line manager, Mervyn Shanmugam, CEO of Sanlam Alternatives.

Source: News 24 September 26, 2022 10:03 UTC