{"id":50645,"date":"2023-11-19T08:20:44","date_gmt":"2023-11-19T08:20:44","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy"},"modified":"2023-11-19T08:46:27","modified_gmt":"2023-11-19T08:46:27","slug":"sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy","title":{"rendered":"Sasol: Nkosi quit as chair over link to Kinetiko Energy"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Sipho Nkosi resigned as Sasol Ltd. chairman to avoid the perception of a conflict of interest arising from an investment in an Australian gas explorer that could potentially supply the fuel and chemical manufacturer\u2019s South African hub.<\/p>\n

Nkosi stepped down on Nov. 10 because \u201che was concerned that some of his business interests may be perceived to place him in conflict with the interests of Sasol,\u201d even though he was confident of meeting compliance, the company said in a statement Monday.<\/p>\n

Sasol confirmed the issue referred to Perth-based Kinetiko Energy Ltd. \u201cThere is no formal commercial arrangement in place between Sasol and Kinetiko, and it was agreed that for as long as that remains, any potential conflict could have been managed effectively through disclosure and recusal,\u201d it said in a reply to questions.<\/p>\n

Kinetiko secured A$6.5 million ($4.1 million) in funding from investment company Talent10, according to a Sept. 4 announcement. Nkosi is Talent10\u2019s chairman.<\/p>\n

The Australian gas explorer, which focuses on coal bed methane, has a block located on the border of Sasol\u2019s Secunda facility and flagged the \u201cpotential to supply that plant via pipeline from the fields in that block,\u201d it said in its latest annual report. Sasol Chief Executive Officer Fleetwood Grobler said in August that a discovery by Kinetiko could provide gas supply and that the companies were engaging over potential options.<\/p>\n

Talent10 has backed independent film production and gaming companies and has a portfolio of companies in excess of $1 billion, according to a website for the firm.<\/p>\n

A Kinetiko spokesperson declined to comment. Talent10 didn\u2019t immediately respond to an emailed request for comment.<\/p>\n

Nkosi is on several boards and was appointed by President Cyril Ramaphosa earlier this year to head a team tasked with removing restrictions that stifle business. He was named Sasol chairman in 2019.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Sipho Nkosi resigned as Sasol Ltd. chairman to avoid the perception of a conflict of interest arising from an investment in an Australian gas explorer that could potentially supply the fuel and chemical manufacturer\u2019s South African hub. Nkosi stepped down on Nov. 10 because \u201che was concerned that some of his business […]<\/p>\n","protected":false},"author":84,"featured_media":50644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-50645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nSasol: Nkosi quit as chair over link to Kinetiko Energy - Mozambique<\/title>\n<meta name=\"description\" content=\"Sipho Nkosi resigned as Sasol Ltd. chairman to avoid the perception of a conflict of interest arising from an investment ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sasol: Nkosi quit as chair over link to Kinetiko Energy\" \/>\n<meta property=\"og:description\" content=\"Sipho Nkosi resigned as Sasol Ltd. chairman to avoid the perception of a conflict of interest arising from an investment ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-19T08:20:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-19T08:46:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/11\/sm_1700370734.986411.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"749\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sasol: Nkosi quit as chair over link to Kinetiko Energy\",\"datePublished\":\"2023-11-19T08:20:44+00:00\",\"dateModified\":\"2023-11-19T08:46:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy\"},\"wordCount\":323,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/11\/sm_1700370734.986411.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/sasol-nkosi-quit-as-chair-over-link-to-kinetiko-energy\",\"name\":\"Sasol: Nkosi quit as chair over link to Kinetiko Energy - 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