Sasol’s natural gas business might be forced to refund its industrial clients after the Pretoria high court set aside National Energy Regulator of SA (Nersa) approval of the group’s maximum gas prices for March 2014 to June 2023.

The energy major, which has a monopoly in the sector, urged the court to ensure that if Nersa’s decision was deemed unlawful, the consequences of the ruling should apply prospectively...

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