Nduna Maritime and Sasol have entered into a R400 million enterprise and 
supplier development (ESD) funding agreement through the Sasol Siyakha Trust, 
in South Africa’s first locally-owned maritime vessel. This is Sasol Siyakha’s 
single largest funding agreement to date.

The specialised chemical tanker, named Bow Cecil, is the very first Republic of 
South Africa flagged vessel that will transport chemicals to international 
markets registered to carry the South African flag. 

“We are particularly proud of this landmark agreement, as it is a significant 
investment into localising and diversifying our supply chain. As a global 
producer of a number of chemical products, we supply numerous markets around 
the world with products made in South Africa. Through Nduna Maritime, we are 
extending our value chain participation through a wholly owned South African 
business,” said Vuyo Kahla, Executive Vice President: Advisory, Assurance and 
Supply Chain, Sasol Limited.

Vusi Mazibuko, Mnambithi Group Executive Chairman said, “We are excited about 
the acquisition and have long term plans to own and operate our own tankers. We 
also have plans to expand our fleet in both liquid bulk and dry bulk vessels 
which will see us further deepen South African ownership of the maritime 
industry. The vessel currently handles outbound shipments of chemicals into 
South East Asia, the Middle East, and Europe for Sasol and other companies.”

Sasol spends approximately R1.,8 billion a year on shipping from South Africa 
to global markets. As the owner of Bow Cecil, Nduna Maritime will leverage this 
asset to increase its capacity to ship more chemical products to markets 
concentrated in Asia. To date the Sasol Siyakha Trust has disbursed R 426.7 
million since 2007 to 91 Small, Medium and Micro Enterprises (SMMEs).

Mazibuko added, “We believe that through this ground-breaking project, we have 
heeded the call to address the aspirations of our government's National 
Development Plan by increasing investment in the country's ship registry as 
well as by creating an enabling environment for the improvement of human 
capital and skills development in the sector.”

“Sasol, as a company proudly rooted in our South African heritage, is committed 
to making a significant contribution to South Africa’s economic 
transformation.  We believe that, through enabling players to participate in 
our value chain, we catalyse further economic growth,” added Kahla.


Ends

Note to editors:

About Sasol Siyakha Trust
The Sasol Siyakha Trust was established in 2007 by Sasol South Africa (Pty) Ltd 
to make investments in acceptable and viable B-BBEE Enterprises which are or 
are in the process of becoming contractors or suppliers to the Sasol Group. The 
target beneficiaries include majority black owned Exempted Micro Enterprises 
(EMEs) and Qualifying Small Enterprises (QSEs) in South Africa particularly in 
areas that Sasol operates in. 

To date the Sasol Siyakha Trust has disbursed R 426.7 million since 2007 to 91 
Small, Medium and Micro Enterprises (SMMEs). For more information on the trust 
interested parties may email siyakha.funding@sasol.com or the Sasol Contact 
Centre on 017 610 4777.

About Sasol
Sasol is a global integrated chemicals and energy company. Through our talented 
people, we safely and sustainably create superior value for our customers, 
shareholders and other stakeholders. We integrated sophisticated technologies 
in world-scale operating facilities to produce and commercialise commodity and 
specialised chemicals, gaseous and liquid fuels, and lower-carbon electricity.

About Nduna Maritime
Nduna Maritime is a subsidiary of the Mnambithi Group. The company offers 
shipping of chemicals and any liquid bulk cargo. We envision owning and 
operating a pool of chemical tanker vessels as well as contributing to the 
development of scarce skills set in the South African Maritime Industry with a 
particular focus on youth development.


Pictures available on request

SOURCE: Sasol