Major oil companies withdrawing from Southern Africa

BP is no longer trading in Kenya, Tanzania, Zambia, Zimbabwe, Malawi, Namibia, Swaziland, Lesotho, Botswana or Malawi.

In some of these countries had a BP presence for almost a century. Were all these BP associate companies suddenly unprofitable or was … Read the rest

Sasol stimulates growth in the US

Trade and Industry Minister Rob Davies has given an excellent summary of benefits to both the US and Africa in general, and South Africa in particular in The BusinessDay.

The newspaper also reported $14bn worth of company investments into Africa, … Read the rest

Sasol, ENI partner on SA hydrocarbon exploration

sasol3Eni has agreed to buy a 40 percent interest in an exploration permit granting rights to explore an offshore area of 82,000 square kilometres off South Africa’s east coast for hydrocarbons, the Italian oil and gas group said on Tuesday.… Read the rest

In defence of pale males

by TAU Bulletin

The state of the nation is no more ludicrously evident than Gauteng premier Nomvula Mokonyane’s recent “warning” that “pale males” would return to government in Gauteng if SA’s opposition Democratic Alliance party wins next year’s provincial election.… Read the rest

Sasol axes shady BEE partner

sasol2Petrochemical giant Sasol has pulled the plug on a shady empowerment deal with union boss Simon Mofokeng and wife Maureen after Business Times exposed how they used fake documents to clinch contracts worth over R300-million.

But this still leaves questions … Read the rest

Brazil claims South Africa is dumping tyres

tyresSouth African manufacturers of truck and bus tyres are the latest target of a Brazilian antidumping investigation against South Africa, following an application by the Brazilian body representing tyre manufacturers, ANIP.

This comes in the wake of another trade probe … Read the rest

South African Communist Party wants to nationalise chemicals giant Sasol

Kwadlangezwa – The SA Communist Party would like to see Sasol [JSE:SOL] nationalised, but if this could not be achieved immediately the petro-chemical giant should then be subjected to a windfall tax on extra profits.

SACP deputy general secretary Jeremy … Read the rest