Report alleges new Eskom CEO made suspect stock sales when at Sasol
De Ruyters said he had authorisation to sell the stock, which Sasol confirmed — but said if it had had more information, approval would not have been given
20 December 2019 - 12:33
André de Ruyter, the incoming head of debt-burdened state power utility Eskom allegedly engaged in questionable stock sales while working as a senior executive at Sasol 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-CFO 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 has been seen by Bloomberg News...
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