Competition Commission halts Sasol plant sale

The Competition Commission has stopped the sale of Sasol’s sodium cyanide plant to a Czech-based company. It says the transaction will reduce competition and drive up the price of the powerful chemical. eNCA speaks to James Hodge from the Competition Commission for more. Courtesy #DStv403

JOHANNESBURG - The Competition Commission has stopped the sale of Sasol’s sodium cyanide plant to a Czech-based company.

It says the transaction would have led to a price increase of up 50 percent.

READ: Sasol agrees sale of sodium cyanide business

Sodium cyanide is used in the extraction of gold and silver.

The Commission says jobs in the gold mining industry would have also been affected.

"Sodium cyanide is mainly used by the gold mining industry. It's a critical input and a big employer," said James Hodge.

Source
eNCA

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