Share

Sasol execs won't pay a cent in damages if they lose Lake Charles class action lawsuit

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Sasol's Lake Charles project. Photo: Sasol
Sasol's Lake Charles project. Photo: Sasol

Sasol executives that oversaw the disastrous Lake Charles chemicals project have been insured against any possible claims resulting from a class action case in the US, and will suffer no personal loss, the company told shareholders at its Annual General Meeting. 

Shareholders grilled the Sasol board and management on matters ranging from the financial, the operational, and the environmental at the company's AGM in Friday.

In relation to the resignation of Sasol CFO Paul Victor - who will exit the company in June 2022 - one shareholder queried what would happen if Victor were found liable for damages in relation to his involvement in the Lake Charles Chemicals Project. 

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Try FREE for 14 days
Already a subscriber? Sign in
heading
description
username
Show Comments ()
Rand - Dollar
19.51
+0.6%
Rand - Pound
24.30
+0.0%
Rand - Euro
20.93
-0.0%
Rand - Aus dollar
12.90
-0.0%
Rand - Yen
0.14
-0.0%
Platinum
1,003.50
0.0%
Palladium
1,420.36
0.0%
Gold
1,948.15
0.0%
Silver
23.63
0.0%
Brent Crude
76.13
+2.4%
Top 40
71,993
+1.9%
All Share
77,126
+1.7%
Resource 10
70,299
+1.9%
Industrial 25
105,036
+2.0%
Financial 15
14,803
+1.2%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders