SA firm divests from Botash

Changing hands: Botash is changing its technical partner after a 13-year relationship
Changing hands: Botash is changing its technical partner after a 13-year relationship

FRANCISTOWN:   South Africa's Chlor-Alkali Holdings (CAH) plans to exit its 50% shareholding in Botash, the country's sole producer of soda ash and salt, Business Week has learnt.

Owned by the Bud Group, CAH came in as a technical partner for Botash in 2009 after buying shares that De Beers, Anglo American, AECI, and various financial institutions owned. The Government of Botswana has maintained a 50% shareholding in Botash over the years.

In a statement this week, Bud Group executives did not give details on the reason behind the exit but said the move was part of a reorganisation which would also result in divestment from other affiliates and subsidiaries.

Editor's Comment
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

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