South Africa - 04

South Africa: Further Leadership Changes at PetroSA Imminent

Chairman of the Central Energy Fund (CEF) Luvo Makasi has reportedly written two letters to the board of CEF subsidiary PetroSA suggesting that changes to the board are imminent. According to the 24 April BusinessDay, Makasi sent a letter at the end of March 2017 calling on board members to explain at the annual general meeting (AGM), which was scheduled for 2 June, why they should be retained.

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