In fact, it argues that its proposed price increase remains significantly less than international forecasts – using the 2020 MGP methodology – that set FY2023 price estimates at around R273.43/GJ.Price gouging
Earlier this month, the commission referred Sasol to the Competition Tribunal – the adjudicator of competition matters – for prosecution after the commission’s investigations found that Sasol sold natural gas to customers at prices marked up by up to 72% for almost a decade. The group said that since 2021 it has ploughed over $300 million in capital expenditure to maintain gas supply from Mozambique until 2026.“Sasol’s investments over the past 20 years have offered consumers an alternative energy supply, thereby enhancing competition, consumer choice and, importantly, fostering economic activity and investment in the South Africa economy.
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