Sasol should survive its 95% crash - but may have to sell its disastrous US project

2020-03-12 18:07

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.

A year of stumbling along

2019-12-17 11:41

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.

Sasol could sell cheaper fuel if the petrol price were deregulated – at current oil prices, anyway

2019-10-28 10:07

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.

Take a look: On-board South Africa’s first chemical tanker ship, the R400 million Bow Cecil

2019-10-10 21:26

The vessel can carry 37,000 deadweight tons of cargo and is equipped with 47 tanks.

This is how much it will cost you to open your own petrol station

2019-06-17 08:44

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.

Stop paying for these mistakes

2019-05-30 09:13

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.

The densest known population of this African wild cat now lives right next door to Sasol’s industrial Mordor

2019-02-06 16:52

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.

This is what Maria Ramos and other SA CEOs are reading right now

2018-03-29 13:20

President Cyril Ramaphosa is a big fan of reading, as are these South African CEOs.

 

Why Sasol crashed: The oil collapse could trigger a debt emergency

2020-03-10 06:15

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.

Sasol projects half-year fall in headline earning per share of 20%

2019-11-25 09:06

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.

JOBS: These large companies are looking for new staff – including Mr Price, Sanlam, and Nedbank

2019-10-14 16:14

These big South African corporations are currently hiring.

Bruce Whitfield: The petrol price goes up, but Sasol goes down

2019-10-02 12:09

Sasol this week hit its lowest level in ten years, as it plumbed R254 a share, a price last seen in 2009

Bear has JSE in its grip

2019-05-30 09:33

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.

Should I buy or should I wait?

2019-04-04 09:24

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.

From Sasol to Shoprite, these 8 groups still have 2019 university bursaries up for grabs

2019-01-10 06:04

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.

Sasol drags down JSE

2017-09-20 18:28

The JSE has closed lower, dragged down by a collapse in the price of Sasol.

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