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UPDATE 1-S Africa, Mozambique state energy firms to increase shareholding in gas pipeline

By Reuters Staff (Adds Sasol comment) JOHANNESBURG, June 27 (Reuters) - State-owned energy companies from South Africa and Mozambique have exercised their rights to buy the 30% stake in the ROMPCO natural gas pipeline that Sasol is selling, the companies said on Sunday. Petrochemical firm Sasol said last month it was selling the stake in the ROMPCO pipeline from Mozambique to South Africa to a consortium of investors including Reatile Group for an initial amount of 4.15 billion rand ($293 million). But that deal was subject to pre-emptive rights on the shares held by existing shareholders iGAS, a subsidiary of South Africa’s Central Energy Fund, and Companhia Moçambicana de Gasoduto (CMG), a subsidiary of Mozambique’s Empresa Nacional de Hidrocarbonetos.

South Africa: Today s latest news and headlines, Tuesday 29 June 2021

South Africa: Today’s latest news and headlines, Tuesday 29 June 2021 Adrian Ephraim © Provided by The South African Here’s the latest news in South Africa, with all the stories making headlines across the country on Tuesday 29 June 2021. It’s been an emotional few days for South Africans as we come to terms with living under adjusted Level 4. No alcohol, no eating out, and gathering in public places. It’s the new abnormal as we’ve come to know, and there are many who have not accepted government’s new, tougher regulations. Not everyone has been struggling though. Former ANC spokesperson Zizi Kodwa has been living the good life, courtesy of a friendly businessman Jehan Mackay and his company EOH.

SA, Mozambique exercise right on Rompco pipe stake

SA, Mozambique exercise right on Rompco pipe stake
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