Liquid petroleum gas (LPG) company Totalgaz Southern Africa has signed an agreement to buy LPG bulk and cylinder distribution company KayaGas’s storage, filling and distribution assets.
The transaction was subject to the approval of the South African Competition Commission. KayaGas, under a new name, would continue as an importer of LPG to the industry.
“It is an exciting opportunity to provide our products and high-quality services to a wider client base,” Totalgaz MD Vincent Scarmure said.
KayaGas chairperson Lulamile Xate highlighted that the company had achieved many things. “We proved it possible to supply the low-income market and developed innovative means of supplying domestic and commercial customers.
“Under a new name, we will concentrate on ensuring that periodic shortages of LPG will no longer plague LPG consumers,” he said.