Sasol sells 30% stake in Mozambique pipeline for R5.1bn Sandton-based Sasol has agreed to sell a 30% stake in a pipeline running from Mozambique to South Africa. The pipeline, which carries natural gas, was sold to a group of buyers – including a unit of Old Mutual, reports Bloomberg. The R5,1 bn sale price will go towards the energy company paying down debt. Sasol will continue to operate the 865 km pipeline, will retaining a 20% stake. The other 50% is owned in equal parts by the Mozambican and South African governments, through SOEs. The sale follows the company’s continued commitment toward reducing debt incurred in a US chemicals project. – Jarryd Neves