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South Africa: Plastic giant under fire for reduced China prices

 |  October 18, 2013

As the South African government was looking to boost the plastics industry, reports say Sasol, which manufactures a key plastics ingredient, was selling reduced prices to Chinese companies.

The nation’s Competition Commission reportedly found the company to be selling the ingredient for 23 percent less than what it was sold for to South African Companies. The findings sparked a case that went before the Competition Tribunal last week.

The Commission, during the trial, has reportedly described Sasol’s pricing practices as “discriminating” against companies based on location and is now seeking fines from the company.

Sasol has denied wrongdoing.

Full content: Mail & Guardian

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