South Africa
Eskom unaware of Andre de Ruyter allegations─── 18:15 Fri, 20 Dec 2019
Eskom says it's not aware of the allegations against it's incoming CEO Andre de Ruyter.
Bloomberg is reporting that Ruyter, engaged in questionable stock sales when he was a senior executive at Sasol in 2013.
It’s quoting a forensic audit report by a corporate law firm.
De Ruyter was Sasol’s senior group executive for global chemicals, and North American operations, at the time.
The report says he and then Chief Financial officer, Christine Ramon, knew about cost overruns and sold the company's stock before that information was disclosed to other executives.
The report formed part of a risk and corporate governance assessment.
Eskom says rigorous integrity and reference checks were performed independently, in line with normal recruitment processes.
