Sasol fined 3 billion Rand by EU

The JSE-listed group also stressed that the infringement of antitrust laws commenced in 1992 or even earlier, while Sasol only became a co-shareholder in an existing wax business, located in Hamburg and owned by the Schumann group, in 1995.
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A proper due dilligance would have shown Sasol that the guys they are buying are not dealing above board.

Hard luck Sasol. How are the Sasol shares trading? Maybe we can pick up a few shares at a reduced rate becuase of this. :)
 
Yes, they will recover this fine from us, the consumer. Just like Tiger Brands, they're laughing it off.
 
It makes me wonder how they deliver such a fine...

Do they send it in the post or have someone deliver it with a smile?
 
marine1 said:
In the end 3 billion is small change for them. We will just keep paying more thats all.
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That's just the European fine. Our Competition Commission is now looking into whether Sasol has been up to similar practices locally. They are now in the spotlight.
 
marine1 said:
Bwahahah you bastards - you may get away with it here but Europe will give you a snot squirt.
Well done to the EU
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Why does this please you? Just more ammo for the I hate SA brigde, or what?

I do not understand you people, really.
 
Captain Slog said:
Criminals?

I thought that your useless country was the states.
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Whatever that means?? Shame did you wake up on the wrong side of the bed today? :rolleyes:
These pricks are criminals and must be dealt with accordingly. Maybe you dont understand the knock on effects of price fixing. Maybe when enter the real world it will make more sense.
 
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