Good week, bad week

A good week for Simon Baloyi

Sasol CEO reaps rewards of share price surge

Simon Baloyi.
Simon Baloyi.Picture: FM Collage

A good week for Simon Baloyi

Sasol CEO Simon Baloyi has proved the maxim that being in the right place at the right time is a recipe for success. His pay rose 65% to R42.9m in the year to June. Since the Iran war started, the company’s share price has doubled through no great skill of Baloyi’s, though there was already an operational improvement under way.

A bad week for Gwede Mantashe

Gwede Mantashe.
Gwede Mantashe.Picture: FM Collage

ANC chair and mining minister Gwede Mantashe sniffily walked out of Cosatu’s national congress last week, after the labour federation upended the alliance’s decorum and insisted he speak first rather than last. Now the ANC Women’s League wants him disciplined for remarks that it calls derogatory to women.