The search for a new Sasol CEO will be undertaken by a new chair after Sipho Nkosi resigned from the role on the eve of the group’s AGM, which is scheduled for Friday, when the company’s commitment to reducing emissions will come under shareholder scrutiny.

One shareholder, Old Mutual, has already indicated it will not vote in favour of the majority of the group’s resolutions because of its “poor performance on climate targets”. It will lobby other shareholders to do the same...

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