Q&A: Sasol’s joint venture is focused on growth
South American company Enaex has acquired 51% of Sasol’s explosives business and is hungry for market share
Enaex Africa, which officially began operating last week, is a joint venture between Sasol and Enaex, a South American explosives manufacturer. The deal has been years in the making and after approval from the competition authorities in February, resulted in a sale of a 51% stake of Sasol’s explosives and rock fragmentation division in SA to the 100-year-old company. Enaex Africa already provides a range of explosives and value-added services to mining companies in Southern Africa. CEO Francisco Baudrand says the company has big plans for the future.
Wednesday last week was the first day of operation for Enaex Africa. What are your plans as you embark on this new joint venture? ..