Central Energy Fund looks to buy Sasol assets to end losses

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Sasol's head office in Johannesburg. Picture: Elvira Wood
Sasol's head office in Johannesburg. Picture: Elvira Wood

South Africa’s state-owned Central Energy Fund is considering buying assets that have been put on the block by fuel and chemical maker Sasol as it seeks to restore itself to profitability.

The fund “needs to put an end to the losses” at its units, including oil company PetroSA, chairperson Monde Mnyande told Parliament earlier this month.

“We are looking at those and discussing very strongly with Sasol” what assets that we can acquire, he said.

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