Sasol slapped with US anti-dumping penalty, on the hunt for new acetone markets

2020-03-20 15:23

The US department of commerce has imposed a five-year-long 414.92% anti-dumping duty on Sasol for imports of acetone, effectively closing off the US market to the oil and chemicals company.

Sasol may issue R33bn in new shares, wants a partner in the US

2020-03-17 09:49

Sasol expects to raise at least $6 billion by the year 2021 through its cash generation plan.

Sasol surges 45% after announcement about selling stocks, assets

2020-03-13 09:53

The Sasol group said it will be within its debt covenants on June 30, its financial year end, as long as oil prices remain at current levels.

Sasol has now lost 65% in three days - it's the biggest crash across all emerging markets

2020-03-11 16:40

It has been a week of steep drops for some emerging-market stocks, but Sasol has out-plunged its peers.

More than R45 billion wiped off Sasol in a single day

2020-03-09 18:44

Its share price has slumped by almost 47%, after the oil price all but collapsed.

Sasol to list on secondary A2X exchange

2020-01-27 11:01

The global chemicals and energy company is set to list on the secondary A2X exchange in early February.

Sasol dumps Survé

2020-01-22 05:00

Iqbal Survé’s Ayo Technology Solutions already faces an existential threat from the PIC and now has to contend with a new blow – its most important client, Sasol, is running for the hills.

Eskom’s new boss officially starts today – here’s what we know about André de Ruyter

2020-01-06 09:05

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.

Sasol scraps short-term management incentives in wake of US cost overruns

2019-11-27 14:51

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.

Sasol said to plan sale of its SA coal mining unit

2019-09-18 14:44

The mining business had turnover of R20bn in the 2018 financial year.

 

Life in the shadow of the world's biggest carbon polluter

2020-03-17 20:33

The inhabitants of Emba, as the town is known, are tied to Sasol in a complicated embrace.

South Africa has another debt crisis: Sasol races to raise cash

2020-03-15 09:30

Sasol was already struggling to keep up with repayments on R162 billion in debt because of a botched US chemical project, when it was blindsided last week a plunge in oil prices. Its shares tumbled to the lowest in two decades, with covenants on loans under threat.

Sasol considers selling stock, assets after debt surge

2020-03-12 19:51

Sasol said it may sell assets or stock to ease its financial woes after an oil-price collapse exacerbated a debt burden swelled by a troubled expansion in the US.

Sasol steadier after crash, but it still faces a massive crunch

2020-03-10 09:56

It may need to hold a rights offer as it struggles with massive debt burden.

Sasol shares plunge as Lake Charles woes continue to eat into profits

2020-02-24 10:39

The petrochemicals giant says to protect its balance sheet it will not be paying an interim dividend.

Sasol share price rockets after update

2020-01-24 10:22

Sasol says it is investigating the explosion which occurred last week at its Lake Charles Chemicals Project and caused to damage to a low-density polyethylene unit.

Explosion at Sasol US chemical plant

2020-01-14 16:33

Sasol has reported an explosion which resulted in a fire at its controversial US chemicals plant.

New Eskom CEO engaged in questionable stock sales at Sasol - audit report

2019-12-20 10:15

The report formed part of a previous risk and corporate governance assessment commissioned by the petrochemical conglomerate.

Sasol CEOs forced to quit after US fiasco

2019-10-28 08:08

Sasol’s joint CEOs, Bongani Nqwababa and Stephen Cornell, have agreed to resign after an independent review into the company’s disastrous US project.

Sasol again delays results as it deepens probe into its US project

2019-09-06 11:06

The petrochemical group says it now hopes to release its earnings report by end October.

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