Enaex Africa is part of the global Enaex Group, a premium provider of explosives and blasting solutions with more than 100 years of mining expertise, supporting customers across multiple markets worldwide. The proposed transaction builds on the successful partnership between Sasol and Enaex Africa that began in 2020, while enabling Sasol to focus on its strategic priorities. Sasol and Enaex Africa will work closely together to support a smooth transition for employees, customers, suppliers and other stakeholders.
Sasol has signed a sale agreement with Enaex Africa for its Nitrates business, including ammonia conversion plants in Secunda and Sasolburg.
The units supply feedstock for fertiliser and explosives markets, relevant to chemical and industrial input buyers.
Sasol will retain 23 per cent in the joint venture; implementation awaits regulatory approvals.
The transaction remains subject to regulatory approvals precedent before implementation can occur.
The parties will provide further updates once the required approvals have been obtained and the transaction reaches implementation stage.
Commenting on the transaction, Simon Baloyi, President and Chief Executive Officer of Sasol said: “This transaction is an important step in delivering our portfolio optimisation strategy. We are confident that Enaex Africa is well positioned to support the future growth of the Nitrates business, given its industry expertise, market access and strategic focus. Throughout this process, our priority remains the wellbeing of our employees, maintaining business continuity and ensuring a responsible transition for all stakeholders. We look forward to the next stage of this successful partnership.”
Francisco Baudrand, Chief Executive Officer of Enaex Africa, said “We are excited about this next chapter in our partnership with Sasol and the opportunities it creates for Enaex Africa. Bringing these capabilities into our business will strengthen our value chain, enhance security of supply and further improve how we serve our customers. We look forward to building on the strong foundation we have established and taking the partnership into its next phase.
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ALCHEMPro News Desk (MS)
