Didata BEE scandal

SCA APPEAL: FORMER EXECUTIVES FIGHT BACK AT FRONTING CLAIMS

- Moneyweb

Five former Dimension Data (Didata) executives have fired back at claims that they were involved in black economic empowerment (BEE) fronting and improper conduct over the R1.4 billion sale of the company's The Campus office park in Bryanston.

The executives in question are former CEO and co-founder Jeremy Ord, Bruce Watson, Grant Bodley, Saki Missaikos and Steven Nathan.

The fact that they are all white and male has added sting to the accusations that they subverted BEE legislation in acquiring The Campus – an accusation they reject as not just untrue, but an inversion of the truth.

NTT's allegations of improper conduct have already been decided in its favour in the High Court in Johannesburg in 2024, when Judge Denise Fisher ruled that the executives entered into "an illegal scheme designed to appropriate for themselves a secret financial benefit".