Sasol has noted today’s media statement from the Competition Commission regarding the referral of its liquid fuels industry investigation to the Competition Tribunal.

Sasol began engaging and cooperating with the Competition Commission in 2008, as part of the company’s competition law compliance review, which proactively analysed business activities across the Sasol group. Sasol’s engagement with the Competition Commission preceded the authority’s initiation of its investigation into the liquid fuels industry. Sasol concluded its internal competition law compliance review in 2010 and at the close of the review, no evidence was found to support the allegations we note in the Commission’s media statement. Sasol’s opinion, at the time, was informed by the rigorous internal competition law compliance review process, as well as legal opinion and expert economic analysis.

Sasol is currently awaiting a copy of the referral to study it in detail.

Ends

last updated: 5 Nov 2012
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