The South African Revenue Service and other government agencies said they disrupted a coal smuggling syndicate operating across five of the country’s nine provinces. The search-and-seizure operation targeted former employees of state power utility Eskom Holdings “who facilitated procurement fraud,” the agencies said in a statement on Thursday.
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Tribunal prohibits Sasol’s sale of sodium cyanide business to DraslovkaThe Competition Tribunal has today issued an order prohibiting the intermediate merger involving the sale of Sasol South Africa’s sodium cyanide business to a Czech Republic-based producer of sodium cyanide, Draslovka Holding, through its local subsidiary, Draslovka South Africa. Sodium cyanide, a chemical compound commonly used in the extraction of precious metals like gold and silver, is an important input for the gold mining firms operating in South Africa. Sasol has a monopoly position in
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