The battle to remove Gordhan and ultimately President Cyril Ramaphosa from office is in full swing, writes Adriaan Basson.
Partly cloudy. Mild.
Sasol has reported an explosion which resulted in a fire at its controversial US chemicals plant.
The report formed part of a previous risk and corporate governance assessment commissioned by the petrochemical conglomerate.
Sasol’s joint CEOs, Bongani Nqwababa and Stephen Cornell, have agreed to resign after an independent review into the company’s disastrous US project.
The petrochemical group says it now hopes to release its earnings report by end October.
The area around coal-fired plants owned by South Africa's state power utility Eskom ranks as the world's second-largest hotspot of sulphur dioxide emissions, according to Greenpeace.
Sasol has plunged the most in more than two decades after the company delayed its financial results for a month to coincide with a report on what went wrong during construction of its near-$13bn Lake Charles chemical project in Louisiana.
It has been a tough week on the JSE, with Sasol losing 13% in a single session.
South Africa’s government is facing a legal challenge over its decision last year to double the amount of sulfur dioxide that coal-fired power plants and refineries can emit.
Sasol has opened a new coal mine, in a R5.6bn investment geared to supply its Secunda Synfuels Operations.
A whistleblower's claims that Sasol is to blame for the intentional pollution of the Vaal River have been vehemently denied by the petrochemical giant at a South African Human Rights Commission inquiry.
Apart from a renewed bout of load-shedding and power stations that are falling apart, the new Eskom CEO heads an operation with earnings that are far exceeded by its debt repayments.
The petrochemicals group's outgoing chairperson says the Lake Charles Chemicals Project's shortcomings were so significant that the senior management should receive no rewards.
The mining business had turnover of R20bn in the 2018 financial year.
Sasol, South Africa’s biggest company by revenue, said it held meetings with shareholders as dissatisfaction grew over cost overruns at the $13bn Lake Charles chemical project in the US.
It's time the board takes responsibility for mistakes, investment managers say.
So far, 2019 has been disastrous for investors in most of South Africa’s largest listed companies.
The new figure is almost $1bn more than the company expected three months ago
A clash between a senior ANC councillor and her fellow councillor during a meeting of the Lekwa municipality in Standerton, could lead to a multimillion-rand water and electricity project going down the drain.
The energy and chemicals company says Mandla Gantsho will retire from the board at the conclusion of the company’s annual general meeting in November.
An official at Sasol Secunda has accused the petrochemical giant of intentionally polluting the Vaal River.
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