Tribunal prohibits Sasol’s sale of sodium cyanide business to Draslovka

📆 11/10/2023 10:13 PM
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The 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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