President Zuma sacks Petro-SA board

Image result for South Africa's Petro-SAThe South African government has sacked the board of its energy firm, Petro-SA, over poor performace of the company.

Earlier, queries were issued to the board members against the backdrop of the company’s financial crisis.

A member of parliament, Gordon Mackay, backs the government’s decision, saying the action was overdue.

Financial crisis at Petro-SA peaked earlier this year when it reported a loss of more than $150 million.

 

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