Johannesburg and New York listed petrochemicals firm, Sasol, late on Thursday said it is reviewing the decision by South Africa’s competition adjudicator, the Competition Tribunal, to impose a $50 million fine on its unit, Sasol Chemicals Industries (SCI) for charging high prices for polypropylene and propylene products.

Sasol said it is also making an allowance to explore other options available to it, including involving other pertinent participants on what other steps should be taken going forward.

Yesterday, the Tribunal disclosed that it had imposed a penalty of R205.2 million ($19.1 million) in the case of purified propylene and R328.8 million ($30.6 million) in the case of polypropylene.

The Tribunal also said it had recommended solutions to the SCI that are aimed at helping SCI on its pricing strategies for the two products.

It said this will go a long way in bringing down the price local competitors would have to pay for the two products.

The Tribunal said SCI’s transgressions happened during a period of four years, stretching from January 2004 to December 2007.

The Tribunal found that the prices SCI charged during the period had a negative impact on South Africa’s other plastic converters and SCI’s competitors.