Tag Archives: Press Corporation Limited (PCL)

PCL appeals k14.1 billion court ruling in favor of former executives

By Jones Gadama

Press Corporation Limited (PCL) has filed an appeal against a recent Industrial Relations Court (IRC) ruling that ordered the conglomerate to pay approximately K14.1 billion to three former senior executives who were unfairly dismissed.

The executives, Elizabeth Mafeni, George Partridge, and Benard Ndau, were awarded K8 billion, K4 billion, and K3 billion, respectively, after the court ruled in their favor.

The dispute dates back to 2021 when PCL implemented a functional review that recommended reducing staff to promote operational and cost efficiency. As a result, Partridge, who served as Chief Executive Officer, Mafeni, Group Financial Controller, and Ndau, Company Secretary, were among those terminated.

However, the IRC found that the dismissals were procedurally and substantively unfair, citing inconsistencies in PCL’s justification for the terminations.

In its ruling delivered on April 25, 2025, the IRC faulted PCL for mishandling its functional review process and unfairly dismissing the executives.

The court noted that PCL’s board had approved salary increases for the executives just months before terminating their employment, which contradicted the company’s claim that their high salaries were a factor in the decision to let them go.

PCL disagrees with the court’s decision, particularly the ruling that faulted PCL on the implementation of its functional review and the awarding of K14.1 billion to the former executives.

The company argues that the court’s decision was unfounded and that PCL followed due process in terminating the executives.

The IRC’s ruling has significant implications for labor relations in Malawi, highlighting the importance of following due process in terminating employees.

The case also underscores the need for companies to ensure that their actions are fair and justified, particularly when it comes to senior executives.

John Suzi Banda, lawyer for the former executives, emphasized that compensation is secondary to the vindication of his clients. “But for my clients, the compensation is secondary.

What is important is that they have been vindicated as they felt were unfairly treated by their employer,” Banda said.

The appeal filed by PCL will likely draw out the dispute for months, potentially setting new precedents for labor disputes in Malawi.

As the case unfolds, it remains to be seen whether the appeal court will uphold the IRC’s ruling or rule in favor of PCL. One thing is certain, however: the outcome of this case will have far-reaching implications for labor relations in the country.

As the story develops, it will be crucial to examine the arguments presented by both sides and the potential impact on Malawi’s labor landscape.

For now, the former executives can take solace in the fact that the court has ruled in their favor, validating their claims of unfair dismissal.

PCL Directors under fire over case

BLANTYRE-(MaraviPost)-Trouble is brewing for conglomerate Press Corporation plc board members over a case in which the company has been ordered to compensate its three former top executives for unlawful termination of employment.

Some minority shareholders of the conglomerate want some board members removed after the Industrial Relations Court (IRC) on Tuesday ordered PCL to compensate former Group Chief Executive Offer George Partridge, former Group Financial Controller Elizabeth Mafeni and former Group Administrative Executive and General Counsel Bernard Ndau for unlawful termination of employment.

One of the Minority Shareholders Association of Malawi (MSHAM) Dr Mukadam who also attended the ruling of the matter in Blantyre expressed shock at the decisions that were taken by the PCL board which failed to explain why the three were fired under the disguise of retrenchment following a functional review.

“We expect the directors will give us a plausible explanation on why they made a harp hazard decision to fire the three. It is sad that they even failed to produce evidence of a board meeting where this decision was made let alone a report on the functional review which they themselves instituted.”

“Now we are going to pay these people a lot of millions if not billions of kwachas for the reckless decisions of a few board members and we are the ones who are going to pay this money which is unfair. I think its high time these directors should be made liable to personally pay for things like these,” said Mukadam.

Another shareholder said they will be calling for an extra-ordinary AGM where they are going to propose for the removal of some board members including Chairman of the Board Randson Mwadiwa.

“This is a big scandal and we need to remove these people so that companies should appreciate rules of good governance, it should not just be sweet talk, we should be walking the talk,” he said.

Delivering his judgment, IRC Deputy Chairperson, Tamanda Nyimba observed that as a leading and oldest conglomerate, the manner in which PCL terminated the services of the three did not reflect the high prestige with which people hold the institution as regards the observance of corporate governance principles.

He ordered that the three should be compensated.

The three are yet to submit a petition of their compensation package as ordered by the court but insiders believe it will be millions if not billions of kwachas.

The IRC is yet to set a date when it will determine the compensation for the three former executives.

Dr. Mathews A. P. Chikaonda retirement comes with many unfulfilled promises

Dr Chikaonda
Dr Chikaonda

Dr. Chikaonda served as a Professor of Finance at Memorial University of Newfoundland in Canada from 1988 to 1994. He holds a PhD in Finance, MBA in Finance, BA in Finance & Economics (Hons); it was with these lofty credentials that many Presidents trusted him to lead many institutions in the country.

 

The days that begun with so much promise as the savior of Kamuzu Banda’s dream are waning into a goodnight without fulfillment. Chikaonda was proclaimed by many to be the savior of the new Malawi Democracy; however he will leave his latest high profile job at best with a bag of mixed results. Continue reading Dr. Mathews A. P. Chikaonda retirement comes with many unfulfilled promises