The planned merger between Sasol and the empowerment fuel retailer, Exel, received another boost when the Competition Commission recommended the deal go through.

The planned merger between Sasol and the empowerment fuel retailer, Exel, received another boost when the Competition Commission recommended the deal go through. However, Sasol is not entirely in the clear yet.


The planned merger between Sasol and the empowerment fuel retailer, Exel, received another boost when the Competition Commission recommended the deal go through. Yet Sasol is not entirely in the clear yet.

The Competition Tribunal still has to give its view on the case. It this is approved, the merged company, called Sasol Liquid Fuels Business, will incorporate the liquid fuels interests of both firms and will give Sasol access to Exel's 189 service stations.

And while Exel has announced that its brand would still continue independently after the merge, Sasol too plans to launch a large number of new outlets in its own name. With this in mind, the combined national network of Sasol and Exel branded service stations should number more than 300.

The new Sasol venture will be 25 per cent black-owned in all its operations, and the new Sasol-branded fuel retailing chain will be launched early next year, once Sasol's existing agreement with the other fuel retailers expires.

"We support the Competition Commission's rationale that the vertical integration of Exel into Sasol Oil will speed up our compliance to the empowerment charter for the liquid petroleum industry," said Sasol spokesman Johann van Rheede in a report.

Original article from Car