The Competition Tribunal has prohibited the proposed sale of Sasol’s sodium cyanide business to Czech Republic-based manufacturer Draslovka, reaffirming the Competition Commission’s 2021 judgment to bar the transaction as anticompetitive.
The R163bn JSE-listed petrochemical major has a country monopoly on sodium cyanide, which is used as a solid or in solution to extract metal ores, and also in metal hardening agents and insecticides, making it essential to the country’s gold mining operations…
SOURCE:https://www.businesslive.co.za/bd/companies/2023-10-12-tribunal-bars-sale-of-sasol-sodium-cyanide-business/