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PetroSA employees urged to get out while they still can

PetroSA has placed voluntary severance packages on the table for all its employees in a bid to cut costs.

FILE. On Friday, PetroSA announced it had terminated its CEO Nosizwe Nokwe-Macamo’s contract. Picture: PetroSA.

CAPE TOWN - While some employees at PetroSA say the voluntary severance packages offered by the cash-strapped parastatal are not satisfactory, they have been advised to take the offer and get out while they still can.

Economist Dawie Roodt says there's a lack of management and funds at the company, and that staff should find another job.

On Friday, PetroSA announced it had terminated its CEO Nosizwe Nokwe-Macamo's contract.

The company has placed voluntary severance packages on the table for all its employees in a bid to cut costs.

But Roodt says it's too little too late.

"If I were an employee at a state-owned enterprise, I would have been very concerned because the state simply ran out of money. PetroSA, like all the other state-owned enterprises, is not well managed. If I were an employee at PetroSA, I would probably try to find a real job somewhere."

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