Sector: Basic Materials
The company is available at Interactive Brokers
Sasol Limited (JSE:SOL) is an international integrated chemicals and energy company that leverages technologies and the expertise of its 31 270 people working in 31 countries. Sasol develops and commercialises technologies, and builds and operates world-scale facilities to produce a range of high-value product stream, including liquid fuels, chemicals and low-carbon electricity.
Sasol's new operating model came into effect on 1 July 2014. The new operating model aligns the components of Sasol - Operating Business Units, Regional Operating Hubs, Strategic Business Units, and Group Functions - according to a single value chain, focused on the production of liquid fuels, high-value chemicals and low-carbon electricity, as outlined below:
Sasol recognises the growing need for countries to secure supply of energy and chemicals. For many countries, specifically those with abundant hydrocarbons, in-country conversion of these resources into liquid fuels and chemicals goes a long way to boost national economies.
Sasol’s focused and strong project pipeline means the company is actively capitalising on the growth opportunities that play to our strengths in Southern Africa and North America.
Sasol was established in 1950 in South Africa and its remains one of the country’s largest investors in capital projects, skills development and technological research and development. The company is listed on the JSE in South Africa and on the New York Stock Exchange in the United States.
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We are facing a new blow to energy availability in our economy, with a cliff in natural gas supply just over two years away.
2024-03-04 09:13 +02:00BMW, working with Anglo Platinum and Sasol, has launched a fleet of hydrogen-fuelled vehicles for testing in South Africa.
2024-02-16 10:48 +02:00The TechCentral editorial team has put together a list of 20 apps that have become integral to our daily lives.
2024-01-02 12:52 +02:00South Africa’s supply of natural gas is set to plunge within the next three to four years.
2023-11-17 07:23 +02:00Suspending a plan to retire 11.3GW of Eskom’s coal-fired plant could lead to more than 15 000 deaths.
2023-10-24 09:12 +02:00Amplats, BMW and Sasol plan to work together to encourage the production and use of hydrogen-powered vehicles.
2023-10-17 07:30 +02:00Government is making overtures to power plant OEMs to become more involved in the running of the utility.
2023-07-13 18:32 +02:00A new app aimed at twitchers features illustrations, photos, sounds, maps, seasonal statistics and helpful tips for almost a thousand bird species.
2023-06-12 13:48 +02:00Petrochemicals giant Sasol has signed three wind-power purchase deals as it shifts towards renewable energy to meet its carbon emissions targets.
2023-01-24 11:20 +02:00Sasol is partnering steelmaker ArcelorMittal South Africa to explore carbon capture technology and steel production using green hydrogen.
2022-10-18 14:15 +02:00South Africa’s environment ministry is investigating a “stench” that has settled over Gauteng this week.
2022-06-09 18:10 +02:00Should South Africans switch to electric cars to reduce their environmental footprint? The answer is no.
2022-05-03 09:22 +02:00Rich nations shouldn’t force South Africa to ban new coal-power projects, energy minister Gwede Mantashe said.
2021-10-14 10:42 +02:00Africa’s lack of industrial development puts it in a strong position to develop low-carbon manufacturing, McKinsey & Co said.
2021-09-27 08:58 +02:00Cabinet has adopted a more ambitious emissions reduction target ahead of a United Nations climate conference in November.
2021-09-23 07:53 +02:00South Africa has started geological mapping at the country’s first carbon capture and storage (CCS) site, where it plans to…
2021-08-23 10:42 +02:00JSE-listed IT services group EOH Holdings plans a secondary listing on A2X Markets, with its shares to available to trade from Friday, 13 August.
2021-08-05 11:30 +02:00JSE:PRX JSE:NPN JSE:SOL JSE:SLM JSE:APN JSE:MRP JSE:MTM JSE:AVI JSE:JSE JSE:FBR JSE:EOH JSE:ISA
There are widespread doubts that renewable energy projects can happen fast enough to replace coal. So a controversial fossil fuel remains part of the planned energy mix: natural gas.
2021-08-03 06:04 +02:00A cloud of methane has been detected by satellite near coal mines in South Africa, drawing attention to a lesser-known environmental risk that comes from using the dirtiest fossil fuel.
2021-06-16 10:12 +02:00Replacing South Africa’s ageing electricity generation capacity with renewable plants is an opportunity to spur economic growth, the head of a presidential climate change commission said.
2021-06-01 06:29 +02:00South Africa’s spy agency is beefing up its economic intelligence unit so it can play a proactive role in supporting the nation’s companies as they expand beyond their home base.
2021-05-26 07:49 +02:00Government and automotive original equipment manufacturers are working towards accelerating the development of manufacturing capabilities for new energy vehicles in South Africa.
2021-04-28 10:08 +02:00Sasol and project partner Toyota will install hydrogen refuelling infrastructure along the N3 highway connecting Johannesburg and Durban, CEO Fleetwood Grobler said in a statement on Wednesday.
2021-04-14 09:44 +02:00A key funder of South Africa’s renewable energy drive is backing natural gas as the fuel needed to help the country bridge the transition from coal power generation to the use of wind and solar.
2021-04-06 10:43 +02:00Eskom and Sasol, South Africa’s two biggest polluters, must comply with emission limits even if it costs them tens of billions of rand, environment minister Barbara Creecy said.
2021-03-10 06:40 +02:00A photograph in the entrance hall at Komati power station shows the plant in better times, its nine generating units belching steam and smoke into the night sky. Those days are never coming back.
2021-02-16 09:18 +02:00Harith General Partners, which funds infrastructure development across Africa, is pushing ahead with plans to build the first gas-fired power plants in South Africa’s industrial hub of Gauteng.
2021-02-04 10:05 +02:00Google has published its annual “Year in Search” findings, in which it reveals the top trending search terms in South Africa – and other countries around the world.
2020-12-09 17:30 +02:00South African shares are about to round off their strongest quarter in almost two decades, and the influence of the coronavirus pandemic is clear to see in the shares most responsible for driving the market higher.
2020-06-30 04:02 +02:00JSE:AGL JSE:NPN JSE:SOL JSE:GFI JSE:ANG JSE:AVI JSE:JSE JSE:ETO
Figures and estimates show that independent power producers and corporate installations are close to generating as much electricity as one of Eskom’s modern power stations.
2020-05-26 14:00 +02:00Unprecedented demand for online services and entertainment during Covid-19 pandemic lockdowns, along with a scramble for haven investments, have helped set South African stocks on course for a record month.
2020-04-30 07:39 +02:00South Africa’s benchmark stock index plunged the most since the market crash of October 1997 as reaction to US measures aimed at curbing the spread of the coronavirus accelerated the sell-off.
2020-03-12 14:23 +02:00JSE:NPN JSE:MTN JSE:VOD JSE:SOL JSE:AVI JSE:TKG JSE:JSE JSE:BLU JSE:EOH JSE:ISA
MTN Group shares fell more than 12% on Monday morning in Johannesburg, to their lowest levels in nearly 14 years, as investors digested the news of a shock fall in oil prices overnight.
2020-03-09 15:15 +02:00JSE:MTN JSE:VOD JSE:SOL JSE:AVI JSE:JSE JSE:BLU JSE:MPT JSE:EOH
André de Ruyter, the incoming head of South Africa’s debt-burdened state power utility, engaged in questionable stock sales while working as a senior executive at Sasol in 2013, according to a forensic audit report.
2019-12-20 13:59 +02:00Eskom, South Africa’s biggest polluter, is struggling to curb its highest particulate emissions in two decades after its Kendal power plant was damaged during a strike.
2019-11-29 05:38 +02:00After months of speculation and delays, South Africa named André de Ruyter as CEO of its debt-crippled state power utility, surprising investors with an unexpected choice and angering a key union.
2019-11-19 05:31 +02:00Andre de Ruyter has been appointed as CEO of Eskom, the debt-strapped utility that provides about 95% of the nation’s electricity and poses the biggest threat to its economy.
2019-11-18 16:09 +02:00Eskom, struggling with more than R440-billion in debt, has said it will take as long as three to five years to comply with the government’s plan to split the company into three separate units.
2019-08-24 07:45 +02:00The area around coal-fired plants owned by Eskom ranks as the world’s second largest hotspot of sulphur dioxide emissions, according to Greenpeace.
2019-08-19 06:54 +02:00Eskom, South Africa’s biggest polluter, said emissions of particulate matter that cause chronic respiratory disease are at their highest level in two decades.
2019-07-30 10:00 +02:00A finding by the commission last week regarding MTN’s empowerment scheme’s contravention of the B-BBEE Act will have wide implications for similar schemes operated by other listed companies.
2019-07-15 07:11 +02:00Eskom said pollution reduction equipment at its biggest operational plant hasn’t been working properly since early last year.
2019-07-12 09:57 +02:00Government is being sued for failing to crack down on some of the world’s worst air pollution emitted by power plants operated by Eskom and refineries owned by Sasol.
2019-06-10 07:34 +02:00Ayo Technology Solutions is at least partly an illegitimate business and has fabricated financial statements, according to Ayo’s former chief investment officer.
2019-04-08 17:00 +02:00South African climate protesters on Friday disrupted Sasol`s annual shareholders` gathering, forcing the petrochemicals company to cancel the meeting.
2023-11-17South Africa`s master plan to develop its gas market is finally ready after repeated delays as it aims to reduce its carbon emissions and avoid chronic power outages that have plagued Africa`s most developed economy for years.
2023-10-10South African petrochemical major Sasol expects it will take at least a decade for green hydrogen to become a fuel of choice, a top company executive said on Monday, as cost, infrastructure and regulations pose hurdles.
2023-10-02South African utility Eskom has an optimistic outlook for power supply in the summer months, its CEO said on Wednesday, as one of its newest power plants is expected to progressively come online.
2023-09-27German logistics giant DHL is teaming up with energy firm HH2E and South African petrochemicals firm Sasol on the expansion of sustainable aviation fuel (SAF) production in Germany, HH2E said on Monday.
2023-09-25South African petrochemicals company Sasol expects the government to approve its proposed alternative minimum emission standards for sulphur dioxide, its chief executive told Reuters on Thursday.
2023-09-22Australian gas explorer Kinetiko Energy, which has found shallow sandstone gas in South Africa, has started talks with petrochemical company Sasol on a possible supply agreement, Kinetiko’s chief executive said on Monday.
2023-08-28South African petrochemicals firm Sasol said on Wednesday it had agreed to form a sustainable aviation fuel (SAF) joint venture with Danish decarbonisation company Topsoe as part of a global drive to combat climate change.
2023-06-21South African petrochemical group Sasol said on Tuesday it expects its half-year profit to double, driven by strong oil prices and despite operational challenges in its domestic unit.
2023-02-07South African thermal coal miner Seriti Resources on Thursday said it would build a 155 megawatt (MW) wind farm over the next two years in Mpumalanga, the first part of a planned 900 MW renewable energy cluster in the country`s coal heartland.
2023-02-02Algerian state energy company Sonatrach is teaming up with South Africa`s petrochemical group Sasol on a project in Sicily to produce "low carbon" hydrogen and synthetic natural gas (syngas) as well as to capture and reuse CO2.
2023-01-25South African petrochemical firm Sasol said on Tuesday it had signed three wind power purchase deals as it shifts towards renewable energy to meet its carbon emissions targets.
2023-01-24JOHANNESBURG (Reuters) -South African state power utility`s chief executive André de Ruyter has resigned, the country`s government-owned public broadcaster SABC, local news outlet News24 and a source at the company said on Wednesday.
2022-12-14South African petrochemicals company Sasol on Tuesday said it was partnering steelmaker ArcelorMittal South Africa to explore carbon capture technology and steel production using green hydrogen.
2022-10-18South African petrochemical major Sasol will announce partnerships over the next few weeks with local mining companies to supply green hydrogen for their mining operations, a senior company executive said on Wednesday.
2022-09-28South African petrochemical firm Sasol on Friday said it was partnering with Japan`s Itochu Corp to explore the development of green hydrogen and green ammonia projects for shipping fuel and power generation.
2022-09-02South African petrochemical firm Sasol Ltd on Thursday confirmed it has agreed to pay $24 million to settle a class action lawsuit brought by U.S investors claiming it deliberately understated the cost of its Louisiana chemical plant project.
2022-09-01South Africa has released new draft rules for public comment for onshore shale gas fracking, four years after the Supreme Court of Appeal set aside regulations governing hydraulic fracturing in the ecologically sensitive Karoo region.
2022-07-14South Africa`s state-owned freight logistics firm Transnet said it will go to the market within weeks for a new liquefied natural gas (LNG) terminal to be built at the east coast Richards Bay port by 2026, Transnet National Ports Authority (TNPA) said on Thursday.
2022-04-21A South African court on Friday upheld a complaint by activists that poor air quality in the coal belt is a breach of constitutional rights, giving the environment minister a year to enforce a clean air plan drawn up a decade ago.
2022-03-18South African energy company Gigajoule is confident of reaching financial closure by year-end ahead of construction of its $550 million Matola LNG import terminal in Mozambique with joint development partner TotalEnergies, the chief executive of the privately-held firm said on Thursday.
2022-03-03JOHANNESBURG (Reuters) -South Africa`s Sasol Ltd will be able to mitigate the impact of a production shortfall on profit and cash generation for the full year through high crude oil and chemical prices, its CEO said on Monday.
2022-02-21The South African rand strengthened on Wednesday as global risk appetite improved before the outcome of a closely watched U.S. Federal Reserve meeting.
2022-01-26South African petrochemical producer Sasol further revised down annual production forecasts on Tuesday for its Secunda operations (SO) in the northeast, as its coal mining unit failed to deliver the required level of stocks.
2021-12-14In 2019, scientists working for South Africa`s government completed a study on the health impacts of pollution from the country`s sprawling coal industry.
2021-11-04GLASGOW (Reuters) -The United States joined Britain, France, Germany and the European Union on Tuesday in a multi-billion dollar partnership to help South Africa finance a quicker transition from coal, that will provide a model for other countries.
2021-11-02BRUSSELS (Reuters) -The European Union will launch a project with South Africa at the COP26 climate summit to speed up the country`s exit from coal, European Commission President Ursula von der Leyen said on Thursday.
2021-10-28JOHANNESBURG (Reuters) -South Africa will tell rich countries at climate talks next week to honour promises to help poorer nations go green and massively boost available funds, the environment minister said on Friday, while announcing talks to help end its own reliance on coal.
2021-10-22South Africa will tell rich countries at climate talks next week to honour promises to help poorer nations go green and massively boost available funds, the environment minister said on Friday, while announcing talks to help end its own reliance on coal.
2021-10-22South Africa will tell rich countries at climate talks next week to honour promises to help poorer nations go green and massively boost available funds, the environment minister said on Friday, while announcing talks with a global fund to help end its reliance on coal.
2021-10-22South Africa`s Eskom, which is seeking funding to move away from coal-fired power, held "fruitful discussions" with Western climate envoys recently, the state power utility`s chief executive said on Friday.
2021-10-22South Africa is seeking cheap finance for more than 400 billion rand ($27.6 billion) of electricity infrastructure as part of its plans to move away from heavily polluting coal, a senior presidency official said on Thursday.
2021-10-21South African banks say they have to keep funding at least some coal projects for now because an immediate halt would put huge political and economic strains on a nation that relies on the most polluting of fossil fuels.
2021-10-15South Africa told visiting climate envoys from the United States, Britain, Germany and France that it needs major financial support to move away from coal, the environment department said on Wednesday.
2021-09-29South Africa`s cabinet has adopted a more ambitious emissions reduction target ahead of a United Nations climate conference in November, the country`s environment department said on Wednesday.
2021-09-22* Govt has recently revised its national emissions goals (Adds further details)
2021-09-22South Africa`s fuel and chemical producer Sasol Ltd has raised its emissions reduction targets for 2030 to 30% from 10% previously in a bid to make the company a net zero carbon emitter by 2050, its CEO said on Wednesday.
2021-09-22The South African rand fell to more than three-week lows on Tuesday, hurt by subdued risk appetite and after ratings agency Fitch said Africa`s most industrialised economy will continue to face challenges as it seeks to stabilise debt.
2021-09-21JOHANNESBURG (Reuters) -Britain`s envoy to the U.N. Climate Change Conference plans to visit South Africa ahead of the November talks, officials said, to discuss helping it end an over-reliance on coal that makes it one of the world`s leading carbon emitters.
2021-09-16South Africa has started geological mapping at the country`s first carbon capture and storage (CCS) site, where it plans to inject vast quantities of CO2 deep underground from 2023, a senior Council for Geoscience official said.
2021-08-23South Africa should set a more ambitious emissions reduction target in the leadup to a United Nations climate conference this year for economic and health reasons, a commission advising the president has recommended.
2021-07-02South Africa`s failure to tackle toxic levels of air pollution produced by burning coal is a violation its post-Apartheid constitution, activists and a U.N. rights expert said in court on Monday.
2021-05-17PRETORIA (Reuters) -South Africa`s failure to tackle toxic levels of air pollution produced by burning coal is a violation its post-Apartheid constitution, activists and a U.N. rights expert said in court on Monday.
2021-05-17* Failure to act violates S.Africa`s constitution, campaigners say
2021-05-17South Africa`s Sasol has formed a consortium with companies including chemicals multinational Linde, to bid for production of sustainable aviation fuel under Germany`s H2Global auction platform, it said on Wednesday.
2021-04-14South Africa`s long-delayed 37 billion rand ($2.46 billion) Lesotho Highlands Water Project (LHWP) - facing funding pressures, COVID-19 delays and protests in the tiny mountain kingdom - will begin water delivery in 2027.
2021-03-10* Plans further asset sales of as much as $500 million by end 2021 (Adds share price, CEO comment, future asset disposal)
2021-02-22South African petrochemical firm Sasol said on Monday it has decided not to pursue a rights issue of up to $2 billion after significant progress in its turnaround strategy.
2021-02-22South Africa`s Sasol Ltd said on Friday that profit for the half year ended Dec. 31 will more than treble, boosted by its efforts to manage capital expenditure and working capital.
2021-01-29South Africa`s rand firmed against the dollar on Friday, recovering ground after a torrid week in which the country recorded a peak in daily COVID-19 infections and doubts over its vaccine supplies came to the fore.
2021-01-09South Africa`s annual investment conference attracted roughly 110 billion rand ($7.1 billion) in new investment pledges by companies and financial institutions, a boost for the government as it tries to chart a recovery from the COVID-19 pandemic.
2020-11-18South Africa`s state-owned Industrial Development Corporation (IDC) said it would diversify its equity investments after reporting on Monday a sharp decline in the value of its top three holdings in listed companies.
2020-10-26South Africa`s Sasol said on Friday chemical company LyondellBasell Industries had agreed to acquire a 50% stake in a unit of its U.S-based business for $2 billion, helping the petrochemicals firm to cut debt.
2020-10-02South Africa`s Sasol said on Friday chemical company LyondellBasell Industries had agreed to acquire a 50% stake in a unit of its U.S-based business for $2 billion, helping the petrochemicals firm to cut debt. As part of the agreement, th
2020-10-02South African petrochemicals group Sasol said on Monday that its Lake Charles Chemical facility in the U.S. state of Louisiana remained shut after Hurricane Laura made landfall last week.
2020-08-31South Africa`s rand was set to end the week on a firmer footing, even though its recent rally has been slowed by the return of rolling nationwide power cuts and more signs that the domestic economy remains under pressure.
2020-08-14Sasol has agreed to sell the world`s biggest oxygen production site in Secunda, South Africa, to France`s Air Liquide for about 8.5 billion rand ($515 million), as it sheds assets to pay off debts and avoid a rights issue.
2020-07-29South Africa`s Sasol said on Thursday a unit damaged by fire at its Lake Charles Chemical Project (LCCP) should reach meaningful output by October, a month later than previous guidance.
2020-07-23Struggling petrochemicals producer Sasol has appointed advisers to sell its stakes in a power plant in Mozambique and a gas pipeline running from the country into South Africa, two sources familiar with the matter told Reuters.
2020-06-26A United Nations human rights expert wants to submit evidence in a lawsuit against the South African government over its alleged failure to address long-term air pollution linked to burning coal, court papers show.
2020-06-15South Africa`s rand jumped more than 1% to a 2-1/2 month high on Tuesday in an emerging market rally spurred by growing hopes for a global economic recovery, prompting investors to ditch safe-havens for high yielding assets.
2020-06-02South African mining companies are setting up shared quarantine facilities for miners testing positive for COVID-19 and are discussing other ways to cooperate, as the vital national industry gradually restarts operations halted since late March.
2020-04-28Sasol Ltd expects its Lake Charles Chemicals Project (LCCP) to make a loss this year and will cut the pay of its CEO and other management to protect its balance sheet, the South African petrochemicals maker said on Thursday.
2020-04-23South Africa`s rand edged weaker on Wednesday as optimism over the 500 billion rand ($26.41 billion) rescue package announced by President Cyril Ramaphosa on Tuesday gave way to concerns about economic growth.
2020-04-22South African petrochemicals giant Sasol Ltd on Wednesday cut its guidance for synthetic fuel production and liquid fuel sales for this financial year due to a three-week nationwide lockdown linked to coronavirus.
2020-04-08South African petrochemicals producer Sasol Ltd, the world`s top producer of motor fuel from coal, said on Tuesday its full year results could be hit by potential disruptions to production, supply chains and construction as the coronavirus continues to spread across the world.
2020-03-31South Africa`s Sasol will bid to provide struggling state-owned utility Eskom with temporary supplies of power, the petrochemical producer told Reuters on Tuesday.
2020-03-24South Africa`s struggling state power utility Eskom offered on Monday to buy surplus electricity from existing generating plants, an indication it thinks it will continue to struggle to meet demand on its own in the short term.
2020-03-23* Firm to sell assets and look at partner in U.S (Adds detail from call, CEO quote)
2020-03-17South Africa`s rand rallied on Friday afternoon as the flush of liquidity pumped into markets by central banks overseas spurred flows back into emerging currencies after the coronavirus sell-off.
2020-03-13South African stocks recorded their worst single-day fall in more than 22-years, tracking global markets lower, after U.S. President Donald Trump curbed travel from Europe and oil prices dived. Petrochemicals firm Sasol, which suffered its worst trading day yet, was the biggest loser on the Johannesburg Stock Exchange. Its shares closed 29.36% lower at 37.24 rand, bringing losses this week to 80%. Trump imposed sweeping restri
2020-03-12South African petrochemicals group Sasol said it would consider raising funds by selling additional shares and disposing
2020-03-12South Africa`s rand weakened on Wednesday as another bout of risk aversion dragged emerging market currencies lower, with investors fretting over the impact of the coronavirus and opting for safe-haven assets.
2020-03-11* Global coronavirus outbreak adds to risk-off sentiment (Updates prices)
2020-03-09* No plans to sell mining business (Adds shares, dividend and sale of mining asset update)
2020-02-24South African petrochemicals group Sasol said on Friday it expects lower first-half headline earnings per share (HEPS) and also cut earnings outlook from its Lake Charles Chemicals Project following a fire mishap at one of its unit this month.
2020-01-31Installing all the technology needed to meet stricter emissions rules coming into force in April could take South African power utility Eskom two decades, its environmental manager told Reuters.
2020-01-28South African petrochemicals group Sasol on Monday warned of an at least 20% drop in first-half profit, and said it had secured bank funding worth $1.5 billion to shore up its liquidity as debts related to a troubled project ramp up.
2019-11-25South Africa`s power utility Eskom needs around 187 billion rand ($12.60 billion) to comply fully with existing legislation curbing harmful emissions, a government presentation to parliament showed on Wednesday.
2019-11-20* Eskom battling with high debt, old power plants (Adds analysts, more details)
2019-11-18South Africa`s Central Energy Fund (CEF), partnering with Saudi Aramco, expects a proposed new 300,000 barrel per day crude oil refinery along South Africa`s east coast to come onstream by 2028, making it the region`s largest refinery, CEF`s acting group chief executive said on Thursday.
2019-11-07South Africa`s rand was little changed on Tuesday, as a rally sparked by Moody`s decision to keep the country`s credit rating at investment grade faded.
2019-11-05Double Olympic champion Caster Semenya could trade her running shoes for soccer boots as early as next year after the 28-year-old signed for South African women`s club JVW FC.
2019-09-06South Africa`s Sasol said on Wednesday its U.S. ethane cracker plant was now producing enough ethylene for use, bringing it a step closer to completing its Lake Charles Chemicals Project that has been hit by delays and cost hikes.
2019-08-28Production
Reserves