The competition authorities said in a statement that Sasol Chemical Industries had charged plastics manufacturer Safripol too much for purified propylene, preventing effective competition and causing Safripol harm.
Propylene is used in the manufacture of plastic irrigation pipes and fittings, widely used in the agriculture sector.
The Tribunal imposed a penalty of R205,2 million in the case of purified propylene and R328,8 million for polypropylene.
In December 2010, the Competition Commission reached a settlement with Sasol Polymers in which Sasol admitted that the supply agreement between itself and Safripol resulted in indirect price fixing. The case was then referred to the Competition Tribunal.
