Sasol chief executives, Bongani Nqwababa and Stephen Cornell, have agreed to resign following an independent review. The review found them of inappropriate conduct and incompetence.
This occurred after R200 billion, almost double the intended budget, was spent on the Lake Charles chemical project.
The project has been plagued with numerous delays and technical issues. A total of 40% of the companies value has been shaved to address the issues in the project.
In other news – Senzo Meyiwa case handed over to Afriforum
Lovers of footfall and South Africans at large woke up to disturbing news back in 26 October 2014, after it was reported that Orlando Pirates goalkeeper, Senzo Meyiwa was shot dead in Vosloorus.
Naturally, the case received massive coverage across media lines, especially because of the many intricate elements that make up the story. Read more
Source: eNCA
