De Ruyter hits back at report of suspect Sasol share sale
The incoming Eskom boss says he obtained all the necessary internal approvals before selling Sasol shares worth R8.9m
Incoming Eskom CEO André de Ruyter has denied engaging in “questionable stock sales” months before resigning from Sasol to join Nampak as its CEO in 2013.
According to a Bloomberg News report, a forensic audit commissioned by Sasol found that De Ruyter, who was working as a senior executive for the petrochemicals company at the time, had known about cost overruns at the company’s Fischer Tropsch Wax Expansion project and sold off company stock before this information was disclosed to other executives. ..