Franchisees in a panic as Sasol gears up for asset sale

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A group of franchise owners said they were unsure about their future and what would happen to their franchise agreements.
A group of franchise owners said they were unsure about their future and what would happen to their franchise agreements.

BUSINESS

Following reports that the Central Energy Fund, which is a schedule 2 state-owned energy company, was eyeing some of Sasol’s petrol stations, a number of alarmed investors who are Sasol franchise owners have raised red flags about the transparency of the deal.

Speaking to City Press this week, the group of franchise owners – who are among 35 operators who could be affected by the sale of the land on which their businesses operate – said they were unsure about their future and what would happen to their franchise agreements.

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