Gauteng-based energy and chemicals company Sasol, led by South African executive Simon Baloyi, is working to manage the impact of new U.S. tariffs that threaten 80 million in annual chemical exports. While the company expects to absorb some of the 30 percent tariff, it plans to pass part of the increase to customers and redirect products to Asia where possible.
Company expects 80 million impact
The tariffs, imposed by U.S. President Donald Trump and effective this month, could weaken South Africas chemical exports to the worlds largest economy. About 10 percent of Sasols South African chemical output is sold in the U.S., although the company also operates a substantial chemical business on American soil.