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23 August 2010, Cape Town – The board of directors of PetroSA, hereby confirms that following the outcome of a disciplinary process in respect of the CEO, Mr Sipho Mkhize, his contract of employment has been terminated, with immediate effect.
The PetroSA Board acknowledges that Mr Mkhize has rights that he may choose to
exercise, as a result of the decision against him.
The Board will, in the meantime, continue to provide all necessary support to the PetroSA management in order to ensure minimal disruption to the company’s operations.
For more information kindly contact:
Thabo Mabaso
Company Spokesperson
Cell: 084-466-3942