SACP welcomes the suspension of PetroSA executives

Mbasa Gqokoma
30 May 2015

The South African Communist Party in the Western Cape has welcomed the decision to suspend three senior executives of PetroSA pending an investigation.

 

CEO Nosizwe Nokwe-Macamo, finance chief Lindiwe Mthimunye-Bakoro and acting vice-president of upstream operations Andrew Dippenaar have been suspended pending an investigation into their performance following declining revenues.

The SACP said this decision taken by PetroSA is well informed and long overdue.

SACP Western Cape Provincial Spokesperson Masonwabe Sokoyi says as the SACP in the province we still believe that there is still a lot to be done in particular with regards to the board.

Our view remains that we continue to reject the proposed retrenchment which was based on narrow understanding of the board and the executive on how to run the PetroSA Company, Sokoyi added.