Parliament's committee welcomes PetroSA chair's resignation
The 'Business Day' reported that she had stepped down following a clash with members of the board.
JOHANNESBURG - Parliament's Portfolio Committee on Energy says it's welcomed the resignation of the interim chair of PetroSA Nonhlanhla Jiyane.
The Business Day reported that she had stepped down following a clash with members of the board.
The committee's chair Fikile Majola says they welcome Jiyane's resignation and still wants the entire board of the company to resign so that the state oil company can be rescued.
It's understood that PetroSA is about to report it's made a loss of around R14 billion for the current financial year.
Jiyane's resignation comes after the board suspended two senior executives at the company.
This means that the board currently doesn't have a quorum to take decisions.