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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Sasol Rejects South African Allegations of Overpricing

8:21 AM MDT | August 20, 2010 | Natasha Alperowicz

The Competition Commission (Pretoria), South Africa’s antitrust regulator, has ruled that Sasol abused its dominant market position by overcharging local buyers of propylene and polypropylene (PP). It has referred complaints of collusion and excessive pricing—between Sasol Chemical Industries (SCI), a Sasol subsidiary, and Safripol (Johannesburg)—to the Competition Tribunal (Pretoria). The commission proposes fining Sasol 10% of its total revenues for each of the alleged violations. Sasol had sales of R137.8 billion ($18.8 billion) in 2009. The commission...

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