CTICC chief quits to head up international firm
CAPE Town International Convention Centre (CTICC) chief executive officer, Rashid Toefy has announced his departure from the company and will be heading up the Africa division of a global events company.
Toefy has been at the helm of the CTICC since 2008 and will be leaving in June. Briefing the media yesterday, Toefy said his resignation had nothing to do with the investigations into aspects of the R832 million expansion of the CTICC set to commence in July. He described his seven-year stint at the CTICC as an “incredible journey”.
“I have been given an opportunity to join a world leader in events, MCI. I will be joining them as the head of their Africa division,” he said.
Toefy said he had fulfilled his mission at the CTICC to put Cape Town on the map as a leading events and conference destination.
CTICC chairman, Gary Fisher said Toefy had “exceeded on his deliverables he was tasked with”.
Toefy said MCI was a “global leader” in the events management space but that the company had not yet ventured into Africa.
“I was offered the opportunity six months ago but I wanted to see through my commitments to the CTICC, such as the expansion and in July we will finally dig the first hole. The timing was also right as we reach the end of our financial year in June,” he said.
Toefy said the CTICC board was not surprised by his resignation as his term was almost over.
“In my performance review last week, it was said that business is cooking and we are in better shape than we have ever been so they feel that I have done my job,” Toefy said.
The expansion will see the venue double in size and create more than 1 000 permanent jobs.
The expansion has been dogged by controversy with a city forensic investigation and a probe by the Public Protector into alleged tender irregularities. The investigations came after Steven Lukey, from SH Lukey and Associates alleged that there were irregularities in the way the Northern Foreshore Development and expansion of the CTICC was handled. The Public Protector and the investigation by the city into the R700m design tender found evidence of maladministration. The city probe also found irregularities in the way the tender had been awarded. It was recommended that disciplinary action be taken against three CTICC employees.
The CTICC board, after obtaining legal opinion, decided not to cancel the tender and said an independent process found no wrongdoing.