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United Kingdom

Sasol Ltd (SOLJ.J)

SOLJ.J on Johannesburg Stock Exchange

50,990.00ZAc
18 Oct 2018
Change (% chg)

-990.00 (-1.90%)
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51,980.00
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Latest Key Developments (Source: Significant Developments)

Sasol Announces Filing Of Shelf Registration Statement
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Sasol Ltd ::SASOL ANNOUNCES FILING OF SHELF REGISTRATION STATEMENT.UNIT, SASOL FINANCING USA LLC1, FILED AUTOMATIC SHELF REGISTRATION STATEMENT ON FORM F-3 WITH U.S. SECURITIES AND EXCHANGE COMMISSION.INTENDS TO OFFER DEBT SECURITIES IN A PUBLIC OFFERING.SASOL FINANCING USA MAY OFFER AND SELL FROM TIME TO TIME, IN ONE OR MORE PUBLIC OFFERINGS, DEBT SECURITIES FULLY, UNCONDITIONALLY GUARANTEED.  Full Article

Sasol Says Operations, Shutdown Schedule For Sasolburg, Secunda Continue As Planned
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Sasol Ltd ::SASOL- OPERATIONS, SHUTDOWN SCHEDULE FOR SASOLBURG, SECUNDA CONTINUE AS PLANNED.SASOL- NO FURTHER ACTIVITIES IMPACTED FROM DECREASE IN ATTENDANCE BY SOLIDARITY MEMBERS ON THURSDAY.SASOL LTD - CONTINGENCY MEASURES REMAIN IN PLACE TO MINIMISE ANY FURTHER IMPACT.SASOL LTD - REMAINS COMMITTED TO OPEN AND HONEST ENGAGEMENT WITH ALL TRADE UNION PARTNERS AND OUR EMPLOYEES.  Full Article

South Africa's Solidarity Says CCMA Wants To Intercede To Defuse Sasol Strike
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Solidarity::SOUTH AFRICA'S SOLIDARITY UNION SAYS CCMA WANTS TO INTERCEDE TO DEFUSE SOLIDARITY'S SASOL STRIKE.SOLIDARITY- CCMA ADDRESSED LETTER TO SOLIDARITY AND SASOL IN WHICH IT OFFERS ITS ASSISTANCE TO DEFUSE SOLIDARITY'S STRIKE AT SASOL.SOUTH AFRICA'S SOLIDARITY UNION - FORMALLY INFORMED CCMA THAT IT WOULD PARTICIPATE IN PROCESS TO DEFUSE SASOL STRIKE.S.AFRICA'S SOLIDARITY- IN ITS LETTER CCMA INDICATED THAT IT WOULD APPOINT A SPECIAL COMMISSIONER TO ASSIST SOLIDARITY AND SASOL.  Full Article

S.Africa's Solidarity Says Members To Strike At Sasol In Secunda On Sept. 6
Wednesday, 5 Sep 2018 

Sept 5 (Reuters) - South Africa's Solidarity::SA'S SOLIDARITY- MEMBERS WILL EMBARK ON A FULL-SCALE STRIKE AT SASOL IN SECUNDA ON 6 SEPT TO PROTEST CO'S KHANYISA EMPLOYEE SHARE OWNERSHIP PLAN.  Full Article

Solidarity To Submit Memorandum To Sasol
Monday, 3 Sep 2018 

Sept 4 (Reuters) - Sasol Ltd ::SOLIDARITY TO SUBMIT MEMORANDUM TO SASOL.WILL HAND OVER A MEMORANDUM TO SASOL MANAGEMENT AT CO'S SASOLBURG PLANT ON SEPT 5.  Full Article

Sasol Activates Contingency Measures To Minimise Disruption From Solidarity Strike
Monday, 3 Sep 2018 

Sept 3 (Reuters) - Sasol Ltd ::SASOL STATEMENT ON SOLIDARITY.SASOL LTD - HAS RECEIVED NOTIFICATION FROM TRADE UNION SOLIDARITY OF ITS INTENT TO STRIKE ON MONDAY.SASOL LTD - ACTIVATED CONTINGENCY MEASURES TO MINIMISE POTENTIAL DISRUPTION TO OPERATIONS.SASOL - PARTS OF OUR SECUNDA AND SASOLBURG OPERATIONS ARE BUSY WITH PLANNED MAINTENANCE SHUTDOWNS AND ACTIVITIES IN THIS RESPECT CONTINUE AS SCHEDULED.  Full Article

South Africa's Trade Union Solidarity Sends Strike Notice To Sasol
Tuesday, 28 Aug 2018 

Aug 28 (Reuters) - South Africa's Trade Union Solidarity::SOUTH AFRICA'S TRADE UNION SOLIDARITY SAYS ON BEHALF OF ITS MEMBERS AT SASOL, IT SENT A STRIKE NOTIFICATION TO SASOL TODAY.  Full Article

Sasol Says FY HEPS Down 22 Pct, Sees Strong 2019
Monday, 20 Aug 2018 

Aug 20 (Reuters) - Sasol Ltd ::FY HEADLINE EARNINGS PER SHARE DOWN 22PCT TO R27,44.FY DIVIDEND PER SHARE R12,90 (2,8XCHEPS).FY CORE HEADLINE EARNINGS PER SHARE DOWN 6PCT TO R36,03.FY EBITDA UP 10PCT TO R52 BILLION.FY OPERATIONAL PERFORMANCE WAS SATISFACTORY.EXPECT GEARING TO REMAIN AROUND PEAK LEVELS OF 40PCT - 44PCT IN 2019.DECLARED A GROSS FINAL DIVIDEND OF R7,90 PER ORDINARY SHARE AND SASOL BEE ORDINARY SHARE.UNPLANNED ESKOM ELECTRICITY SUPPLY INTERRUPTIONS, TWO INTERNAL OUTAGES AT SECUNDA SYNFUELS OPERATIONS, NEGATIVELY IMPACTED FY OPERATIONAL VOLUMES.2019 WILL BE A DEFINING YEAR FOR SASOL WITH START-UP OF LCCP, A CATALYST FOR TRANSFORMING EARNINGS PROFILE.EXPECT AN OVERALL STRONG OPERATIONAL PERFORMANCE FOR 2019.SEES SSO VOLUMES OF BETWEEN 7,6 TO 7,7 MILLION TONS IMPACTED BY A PLANNED FULL SHUTDOWN IN 2019.SEES 2019 PERFORMANCE CHEMICALS SALES VOLUMES TO BE 2PCT-4PCT HIGHER, EXCLUDING LCCP.EXPECT TO ACHIEVE AN AVERAGE UTILISATION RATE OF 95PCT AT ORYX GTL IN QATAR IN 2019.SEES CAPITAL EXPENDITURE, INCLUDING CAPITAL ACCRUALS, OF R38 BILLION FOR 2019 AND R30 BILLION FOR 2020.SARS' DECISION TO SUSPEND PAYMENT OF THIS DISPUTED TAX FOR PERIODS 2005 TO 2014 CURRENTLY REMAINS IN FORCE.SARS HAS NOTIFIED SASOL OIL THERE COULD BE A POTENTIAL TAX EXPOSURE OF R12,6 BILLION FOR PERIODS 2013 TO 2014 DURING AUDIT.  Full Article

Sasol Expects FY Core HEPS To Decrease By Between 1 Pct And 11 Pct
Friday, 20 Jul 2018 

July 20 (Reuters) - Sasol Ltd ::UNDERLYING CASH FLOW PERFORMANCE IS EXPECTED TO BE STRONG IN FY.FY CORE HEPS EXPECTED TO DECREASE BY BETWEEN 1% AND 11% COMPARED TO 2017 FINANCIAL YEAR.FY EBITDA EXPECTED TO INCREASE BY BETWEEN 6% AND 16%.HEPS FOR FY ENDED 30 JUNE 2018 ARE EXPECTED TO DECREASE BY BETWEEN 16% AND 26% (APPROXIMATING R5,64 TO R9,16 PER SHARE) COMPARED TO PRIOR YEAR HEPS OF R35,15.FY 2018 RESULTS UNDERPINNED BY HIGHER SALES, PRODUCTION VOLUMES AND MUCH HIGHER CRUDE OIL AND PRODUCT MARGINS IN SECOND HALF OF FINANCIAL YEAR.TAX LITIGATION MATTER IN RESPECT OF CRUDE OIL PROCUREMENT PROCESS IS ONGOING AND CO EXPECTS COURT HEARING WILL TAKE PLACE ON 21 AUGUST.EXPERIENCED SOME CHALLENGES WITH REGARDS TO ITS OPERATIONAL AND COST PERFORMANCE DURING YEAR.CHALLENGES LARGELY DUE TO PLANNED AND UNPLANNED PRODUCTION INTERRUPTIONS AT NATREF.CHALLENGES ALSO FROM A SAFETY RELATED STOPPAGE AT MINING IN FIRST HALF OF YEAR, WHICH ADVERSELY IMPACTED SALES AND COST ACROSS VALUE CHAIN.  Full Article

Sasol Says For 9 Months Ended March 31, Mining Saleable Production Was 27.2 Mln Tons
Thursday, 19 Apr 2018 

April 19 (Reuters) - Sasol Ltd ::SASOL LTD - FOR 9 MONTHS ENDED MARCH 31 ,MINING SALEABLE PRODUCTION 27.2 MILLION TONS VERSUS 26.3 MILLION TONS.SASOL - SINCE DEC 2017,MINING OPERATIONS WERE SIGNIFICANTLY IMPACTED BY 4 TRAGIC FATALITIES AT DIFFERENT MINES WHICH RESULTED IN LOWER THAN EXPECTED PRODUCTION VOLUMES.SASOL LTD - FOR 9 MONTHS ENDED MARCH 31 , NATURAL GAS PRODUCTION- CANADA 14.9 BSCF 16.8 BSCF.SASOL LTD - REMAIN ON TRACK TO ACHIEVE THE UPPER END OF MARKET GUIDANCE FOR GAS PRODUCTION OF 114 - 118 BSCF.SASOL LTD - SSO TOTAL PRODUCTION IS EXPECTED TO BE 7,6 - 7,7 MILLION TONS IN FY.SASOL LTD - FY PERFORMANCE CHEMICALS SALES VOLUMES ARE EXPECTED TO REMAIN WITHIN THE PREVIOUS MARKET GUIDANCE OF 2 - 3% HIGHER THAN PRIOR YEAR.  Full Article

Mozambique signs oil exploration agreements with Exxon, Rosneft

MAPUTO, Oct 8 The Mozambican government said on Monday it had signed oil exploration agreements with U.S. energy firm Exxon Mobil and Russia's Rosneft.