Omnia Holdings offloads stake in Umongo Petroleum for US$68.5m

SOUTH AFRICA – Diversified chemicals company Omnia Holdings, which said that it had sold a majority stake in Umongo Petroleum for R1 billion (US$68.5 million), is now ’actively pursuing’ acquisitions in mining and agriculture to add to its war chest as well as considering a possible ’special dividend’ to shareholders or a share buyback at the end of the financial…

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Energy company Sasol invites bidders for two 10MW solar facilities

SOUTH AFRICA – Sasol, an energy and chemicals company, has kicked off a request for proposals (RFP) process to seek independent power producers for two embedded 10MW solar photo-voltaic (PV) plants. The company said bidders had until October to submit bids for the development of the two PV facilities one in Secunda, Mpumalanga, and another in Sasolburg, Free State province.…

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