S.Africa won't impose windfall tax on synfuel firms

(Reuters) - South Africa's National Treasury said on Monday the country will not impose a windfall tax on synthetic fuel producers such as Sasol and PetroSA.

"(The) government has also decided not to proceed with a tax on the windfall profits earned by existing synthetic fuel producers in the interest of a conducive environment for additional investments in domestic fuel security," the National Treasury said in a statement.


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Barloworld appoints new chair and deputy

(Reuters) - South African industrial group Barloworld appointed Dumisa Ntsebeza as its new non-executive chairman and former Sasol deputy chief executive Trevor Munday as his deputy, the firm said on Wednesday.

Ntsebeza, who served on the country's Truth and Reconciliation Commission, joined the Barloworld board in 1999 and was appointed interim chairman in January.


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