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Markets :: Basic Chemicals :: Petrochemicals :: Propylene
Sasol Rejects South African Allegations of Overpricing
6:42 AM MDT | August 17, 2010 | Natasha Alperowicz
South Africa's Competition Commission has ruled that Sasol has abused its dominant market position to overcharge local buyers of propylene and polypropylene (PP) and has referred complaints of collusion and excessive pricing on these products between Sasol Chemical Industries (SCI) and Safripol to the country's Competition Tribunal for adjudication. The Competition Commission has proposed fining Sasol 10% of its total revenues for each of these alleged violations. Sasol had sales of R 137.8 billion ($18.79 billion) in 2009. The Competition regulator also...
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