Errant staff to be punished, dismissed, penalised.

JOHANNESBURG - At Friday's AGM, Sasol (JSE:SOL) revealed it would be taking a hardcore approach against any staff involved in anti-competitive practices.    

A newswire reported that staff found guilty will be dismissed, given financial penalties or suspended, said CEO Pat Davies.

The petrochemicals company also said it "regrets instances of collusion that occurred in the Sasol Wax GmbH and Sasol Nitro businesses and endorses executive management's unequivocal apology to all stakeholders". 

Earlier this year Sasol (JSE:SOL) was fined R250m by the Competition Commission for price collusion in its fertiliser division.

It told those present at the AGM that the board review into the firm's competition law compliance has been completed.

For more news on the collusion saga read:
Sasol's not so squeaky clean

Competition Commission, Sasol and Nutriflo's depositions

Sasol penalty increased

Intraday

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Good Does this include board members? How many staff (worldwide) have been fired or suspended so far? How many staff (worldwide) are currently under investigation? by . on November 27 2009, 12:09 Find this comment inappropriate? Report it

Sasol Too little too late. Sasol's integrity is in question. Investor's should avoid companies whose integrity is not of the highest calibre. by Harry on November 27 2009, 13:38 Find this comment inappropriate? Report it

Good proactive management Shutting the stable door after the horse has bolted by Umfiki on November 27 2009, 14:15 Find this comment inappropriate? Report it

What C*** ! Management is known to encourage staff to go beyond and excel in everthing they do for the company...so what does that mean. Managements hands are not clean, now that copany has been embarrassed a good few times the wanna find . .more easy scapegoats for actions they lauded and encouraged... . .less by Zoro on November 27 2009, 15:38 Find this comment inappropriate? Report it

You mean they are now going to start trying to run a business properly? Julius will not approve so forget it. Is is all a white racist policy to make the business profitable and efficient. Down with them. by Buffett on November 27 2009, 16:46 Find this comment inappropriate? Report it

How did these underlings benefit??? STARTS @ THE TOP DAVIES.... You have been there for years.. Do you have no friends at the company? never hear the gossip??? How did these minnows benefit from their dirty deeds by What Benefit on November 28 2009, 07:18 Find this comment inappropriate? Report it

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