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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 Africaâ€™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 pricingâ€”between Sasol Chemical Industries (SCI), a Sasol subsidiary, and Safripol (Johannesburg)â€”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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