JOHANNESBURG – South Africa’s anti-trust authorities said yesterday they had opened a probe into possible price-fixing of piped gas and other petroleum products.
Sasol, which last year was slapped with a 318-million-euro fine by the EU for its role in a paraffin wax cartel, said it was cooperating with the investigation.
The investigation involves other local producers, Egoli Gas, Spring Lights Gas, and Coal Energy and Power Resources.
‘We do not believe that these contraventions by Sasol Gas will have a material adverse impact on our business,’ Sasol chief executive, Pat Davies said in a statement.
‘While we have always had compliance programmes in place, they do not erect an absolute barrier against behaviour that may be contrary to our policies or applicable laws or regulations,’ said Davies. -Nampa-AFP
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