JUDGEMENT ON SASOL NITRO SETTLEMENT WITH COMPETITION COMMISSION POSTPONED BY COMPETITION TRIBUNAL
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14 July 2010
The Competition Tribunal today postponed its confirmation of the order proposed by the Competition Commission of South Africa and Sasol Nitro, a division of Sasol Chemical Industries Limited. The order is to confirm the settlement agreement concluded between the Commission and Sasol Nitro relating to allegations of abuse of dominance in its fertiliser businesses.
The Competition Tribunal will announce its decision in due course after considering today's submissions by various parties.
"We look for forward the conclusion of this matter as it will bring to an end a period of uncertainty within the fertiliser industry and recognise the
importance of members of industry working together with regulators to achieve lasting and workable solutions" said Marius Brand, managing director, Sasol Nitro.
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Sasol may, in this document, make statements that are not historical facts and relate to analyses and other information based on forecasts of future results and estimates of amounts not yet determinable. These are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "believe", "anticipate", "expect", "intend", "seek", "will", "plan", "could", "may", "endeavor" and "project" and similar expressions are intended to identify such forward-looking statements, but are not the exclusive means of identifying such statements.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that predictions, forecasts, projections and other forward-looking statements will not be achieved. If one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may be very different from those anticipated. The factors that could cause our actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements are discussed more fully in our registration statement under the Securities Exchange Act of 1934 on Form 20-F filed on October 9, 2009 and in other filings with the United States Securities and Exchange Commission. Forward-looking statements apply only as of the date on which they are made, and we do not undertake any obligation to update or revise any of them, whether as a result of new information, future events or otherwise.
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