South African executive Simon Baloyi-led Sasol wins $241 million Transnet payout
The payment resolves all pending litigation between the two state-backed firms, according to a Sens announcement issued after the market closed on Friday.
Transnet
Transnet faces criticism over proposed tariff hikes amid port efficiency concerns
Transnet faces growing industry outrage over its proposed tariff hikes, with critics arguing that the company has failed to improve port efficiency despite demanding increases of up to 6.69 percent.
South African tycoon Fleetwood Grobler-led Sasol entangled in $70-million lawsuit
In recent times, Grobler has been driving Sasol’s transition towards cleaner and renewable energy strategies.
South African businessman Fleetwood Grobler-led Sasol declares force majeure due to Transnet strike
Sasol operates in 33 countries and employs 30,100 people globally.
Led by South African businesswoman Portia Derby, Transnet signs $1.5-billion credit facility to fuel growth
The credit facility will be used to finance the company’s capital expansion program.