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PetroSA does a Tsotsi on executives

PetroSA CEO Nosizwe Nokwe-Macamo
PetroSA CEO Nosizwe Nokwe-Macamo

28th May 2015

By: RDM News Wire

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State-owned oil company PetroSA has placed its top three executives‚ including the CEO‚ on gardening leave due to poor performance‚ Business Day reported.

The three – CEO Nosizwe Nokwe-Macamo‚ CFO Lindiwe Mthimunye-Bakoro and acting VP of upstream operations Andrew Dippenaar – were this week given 24 hours to accept the leave request from the board or face suspension.

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The move echoes that of Eskom‚ whose board under former chairperson Zola Tsotsi in March suspended its four most senior executives ahead of an investigation. After a court challenge‚ its former CEO Tshediso Matona left the utility‚ but the details of the probe have not yet been made public.

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