Botash sale timeline remains uncertain

More than a year ago, South Africa's Chlor-Alkali Holdings (CAH) announced plans to exit its 50% shareholding in Botash, the country's sole producer of soda ash and salt. MDCB, the state-owned minerals investment company, was then appointed the commercial advisor in the transaction. Government is reportedly considering buying the 50% shareholding from CAH, a development that would result in the latter owning the entire shares.

Recently, MDCB Chief Executive Officer, Matome Tsholetsa Malema, told the media that the process to complete the transaction is ongoing but there can be no concrete timelines given.