Exxaro places CEO on precautionary suspension with immediate effect
Dr Nombasa Tsengwa, the CEO of Johannesburg Stock Exchange-listed Exxaro Resources, has been placed on precautionary suspension with immediate effect, pending the outcome of an independent investigation into allegations related to workplace conduct and governance practice. The board stated in a stock exchange news service announcement on Wednesday, December 4, that it believes the decision to be in the best interests of the company and Tsengwa.