Impact of Transnet strike sees Sasol declare force majeure
Sasol declared force majeure on the local supply and export of certain chemical products on Thursday.
The move comes as a result of the impact of the recent wage strike at Transnet.
Members of the two unions who downed tools, Untu and Satawu, were back at work on Thursday but the impact is still being felt across a range of local sectors.
In a statement on Thursday, the JSE-listed Sasol indicated that production in Mpumalanga have been impacted.
"As a result, Sasol has declared force majeure on the local supply and export of certain chemical products. Production rates at selected plants in Secunda and Sasolburg have been impacted. The Natref refinery continues to operate as no disruption was caused to Transnet’s pipelines.
"Negotiations between Transnet and the majority trade union concluded on 17 October 2022. Port and rail activities have commenced, with the discharge of containers from ships in the harbour prioritised. We are unable to quantify the impact on our South African value chains, as the extent and timing to clear the backlogs across the port and rail system remain uncertain.
"Sasol subsequently received a notice of force majeure from Transnet, which impacts the movement of certain feedstocks and products between our inland operations and the Durban and Richards Bay ports,” the statement read.
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