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Sasol provides R400m in financing for first South African-owned chemical tanker
Integrated chemicals and energy company Sasol has provided R400-million to finance the acquisition of the first South African-owned chemical tanker, the Bow Cecil, by empowered entity, Nduna Maritime. Speaking after the 37 000 dwt vessel, which is equipped with 47 tanks, docked in Durban harbour on Wednesday, Sasol executive VP: advisory, assurance and supply chain Vuyo Kahla said this was the company’s largest ever enterprise and supplier development (ESD) funding agreement through its Sasol Siyakha Trust.
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