Sasol’s Chief Financial Officer resigns

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News flash

  • Hanré Rossouw, Sasol’s Chief Financial Officer, has resigned and will leave at the end of October 2024.
  • Sasol confirmed the resignation in a JSE Sens statement on Thursday morning.
  • Rossouw has been in the CFO position for just over two years.
  • Sasol recently reported a drop in fuel production and ‘operational instability’ at their Secunda plant. Read more 

The news also follows the resignation of Priscillah Mabelane in March who was Executive Vice President: Energy Business. Sasol has been accused of failing to transition from its dependency on fossil fuel power generation. Civil rights groups, JustShare and the Centre for Environmental Rights, have expressed concern that Sasol has not shown any real signs of decreasing its emissions.

Sasol is on the list of 57 big companies that produced 80% of the world’s CO2emissions from 2016 to 2022, according to a new report from the Carbon Majors database earlier this month. Sasol is ranked at 56. Carbon Majors is a database of historic production data from 122 of the world’s largest oil, gas, coal, and cement producers.

Related news: South African government continues to allow Sasol to exceed minimum emissions standards

Sasol share price has tanked around 30% since the beginning of the year:

Source: JSE

Author: Bryan Groenendaal


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