The Industrial Development Corporation (IDC) says that, as one of the largest institutional shareholders in energy and chemicals group Sasol, it is “outraged” with the manner in which the Sasol board failed to adequately consult shareholders on the separation packages of the former joint CEOs and presidents Bongani Nqwababa and Stephen Cornell. “While questions were raised regarding the separation packages during Sasol’s annual general meeting in November last year, at the time, shareholders were advised that they would be informed about this matter at year-end.
