Eskom's new CEO engaged in questionable stock sales at Sasol | IOL Business Report

  • 📰 IOL
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Eskom's new CEO engaged in questionable stock sales at Sasol

JOHANNESBURG - Andre de Ruyter, the incoming head of South Africa's debt-burdened state power utility, engaged in questionable stock sales while working as a senior executive at Sasol Ltd. in 2013, according to a forensic audit report.

De Ruyter, who was Sasol’s senior group executive for global chemicals and North American operations, together with then-chief financial officer, Christine Ramon, knew about cost overruns at a chemical project and sold the company's stock before that information was disclosed to other executives, says the report, a copy of which was seen by Bloomberg News.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FloydShivambu We knew you would always come up with some dirt. He who doesn't have dirt let them cast the first stone.... Some of you haven't even apologised for stealing sugar to your mom's and grannies... Let's give the CEO a chance to do his work please.....

There's no questionable stock sales,wtf! It's insider trading

sakhi_dlamini Say his name

Go deeper iOL, go deeper man of god

Offcause Igbal Surve will find something on the guy. Meeting the expectation I can tell.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 46. in BUSİNESS

Business Business Latest News, Business Business Headlines