Published: 16 July 2013

Joseph Kanyekanye's resignation as chairman of the boards of Capital Bank and RTG could be a microcosm of intense board wrangles rattling both institutions in which NSSA is a controlling shareholder.

While Kanyekanye says his resignation was in compliance with a NSSA board resolution to have independent chairpersons in all its investments, sources said there was more to it than meets the eye.

Insiders at RTG and Capital Bank said Kanyekanye's leadership style had caused ructions among shareholders and the directors who represent their interests.

Kanyekanye had conducted himself as if he was in the executive chair despite being a non-executive chairman.
- fingaz

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