South Africa’s competition authorities still have not yet approved the 2021 sale of Sasol’s sodium cyanide business. The Competition Commission , concerned that the sale of the country’s only producer of sodium cyanide will harm the local mining industry, did not allow the transaction when the parties initially applied for approval. This led to an appeal to the Competition Tribunal to reconsider the proposed sale. At stake is nearly R1.
” Industry’s view The Tribunal says Sibanye-Stillwater, SA’s largest gold mining company, was granted leave to participate in the proceedings after submitting an application for intervention. Sibanye was granted leave to intervene with specific reference to: The Tribunal notes that any party that has a material and substantial interest in a matter can formally apply to it to participate in proceedings.