The new rules are an improvement, but proper implementation is vital, writes Murray Hunter and Cherese Thakur.
More sun than clouds. Cool.
Sasol lost 95% of its share price compared to a year ago predominantly due to its disastrous Lake Charles chemicals project and a low oil price.
Many politicians, businesspeople and private companies were left with egg on their faces in 2019. This list takes a look at some of the more damaging blunders.
The apartheid government founded Sasol in the 1950s as a means to use the country’s large coal reserves as a source of fuel using technology developed by scientists in Nazi Germany.
The vessel can carry 37,000 deadweight tons of cargo and is equipped with 47 tanks.
South Africa pumps out more petrol than any other country on the continent - some 11.7 billion litres per year, according to the Department of Energy. Annual diesel figures aren’t far behind, either.
When companies that are thriving take on large, capital-intensive projects, they often fail to deliver. And shareholders pay the price for this. Sasol’s Lake Charles project is a case in point, writes investment expert Simon Brown.
Researchers spent four years documenting the elusive serval found on a protected reserve used as a buffer zone around the Sasol plant in Secunda – not exactly a place you'd think hospitable to predators by the looks of it.
President Cyril Ramaphosa is a big fan of reading, as are these South African CEOs.
Sasol needs oil at $35 per barrel or more to break even on its energy business, one analyst says. Right now oil is at around $36 – and some think it will drop much lower still.
This comes a month after the group's joint CEOs agreed to resign in the wake of an independent review the Lake Charles Chemicals Project in the US.
These big South African corporations are currently hiring.
Sasol this week hit its lowest level in ten years, as it plumbed R254 a share, a price last seen in 2009
Although there has recently been a marked weakening of the JSE, declines in the market also offer opportunities as quality shares tend to become available at lower prices, writes former finweek editor Lucas de Lange.
Results announcements can have a material impact on a company’s share price. Therefore, the question many investors often have is whether to make investment decisions before or after results are released.
There are private-sector funding opportunities still available for newly-matriculated pupils heading to university in 2019. Here are some of the best bursaries – but time is running out on some of them.
The JSE has closed lower, dragged down by a collapse in the price of Sasol.
Cape TownE-Merge IT RecruitmentR800 000.00 - R900 000.00 Per Year
MosselbaaiSouth Cape Recruitment (Pty) LtdR25 000.00 - R26 000.00 Per Month
Western CapeAdvanced Projects and People (Pty) LtdR10 000.00 - R15 000.00 Per Month
R 5 750 000
R 4 800 000
R 4 500 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.