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Sasol Limited

SOLJ.J

Latest Trade

28,945.00ZAc

Change

-454.00(-1.54%)

Volume

170,701

Today's Range

28,818.00

 - 

29,449.00

52 Week Range

23,393.00

 - 

48,950.00

As of on the Johannesburg Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Sasol Names V D Kahla As An Executive Director Of Co

Oct 28 (Reuters) - Sasol Ltd <SOLJ.J>::JSE: SOL - SOLBE1 - APPOINTMENT OF EXECUTIVE DIRECTOR, RESIGNATION OF COMPANY SECRETARY AND APPOINTMENT OF ACTING COMPANY SECRETARY.SASOL LTD - APPOINTMENT OF V D KAHLA AS AN EXECUTIVE DIRECTOR OF SASOL WITH EFFECT FROM 1 NOVEMBER 2019.SASOL LTD - KAHLA RESIGNED AS COMPANY SECRETARY OF SASOL WITH EFFECT FROM 1 NOVEMBER 2019.SASOL - MML MOKOKA, SENIOR VP: GOVERNANCE, COMPLIANCE & ETHICS OF SASOL , APPOINTED AS ACTING COMPANY SECRETARY OF SASOL WITH EFFECT FROM 1 NOV.

Sasol Reports FY Core HEPS 38,13 Rand

Oct 28 (Reuters) - Sasol Ltd <SOLJ.J>::JSE: SOL - SOLBE1 - AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019.SASOL LTD - OUR BUSINESS WAS IMPACTED BY MARKET AND GEOPOLITICAL RISK, INCLUDING SUBDUED GROWTH IN GLOBAL GROSS DOMESTIC PRODUCT.SASOL LTD - FY CORE HEADLINE EARNINGS PER SHARE 38,13 RAND.SASOL LTD - FY HEADLINE EARNINGS PER SHARE INCREASED 12% TO R30,72 PER SHARE COMPARED TO PRIOR YEAR.SASOL LTD - FY DIVIDEND PER SHARE 5,90 RAND.SASOL LTD - EXPECT A CLOSER MATCH BETWEEN MARGIN AND COSTS FOR LCCP TO BE ACHIEVED FROM 2020.SASOL - ACTUAL CAPEX IN FY, INCLUDING ACCRUALS, AMOUNTED TO R56 BILLION. THIS INCLUDES R30 BILLION (US$2,1 BILLION) RELATING TO LCCP.SASOL LTD - BOARD HAS MADE DECISION TO PASS FINAL DIVIDEND.SASOL LTD - BOARD MAY FURTHER CONSIDER PASSING OF 2020 INTERIM DIVIDEND BASED ON HEALTH OF BALANCE SHEET CREDIT METRICS AT THAT STAGE.SASOL - FY EBIT DECREASED LARGELY DUE TO REMEASUREMENT ITEMS OF R18,6 BILLION IN CURRENT YEAR.SASOL LTD - REMEASUREMENT ITEMS IN FY RESULTING FROM SOFTER CHEMICAL PRICES AS WELL AS HIGHER THAN ANTICIPATED CAPITAL SPEND ON LCCP.SASOL LTD - AS WE ENTER THE FINAL PHASE OF BRINGING THE LCCP FULLY ONLINE, WE ARE PARTICULARLY FOCUSED ON PRUDENT CAPITAL ALLOCATION.SASOL LTD - BOARD MAY FURTHER CONSIDER THE PASSING OF THE 2020 INTERIM DIVIDEND BASED ON THE HEALTH OF THE BALANCE SHEET CREDIT METRICS AT THAT STAGE.

Sasol Says Joint CEOs To Step Down After Independent Review

Oct 28 (Reuters) - Sasol Ltd <SOLJ.J>::JSE: SOL - SOLBE1 - OUTCOMES OF THE INDEPENDENT BOARD REVIEW AND EXECUTIVE TRANSITION PLAN.SASOL LTD - ADJUSTMENTS TO FEBRUARY 2019 COST FORECAST OF APPROXIMATELY $530 MILLION.SASOL LTD - ADDITIONAL EVENTS AND REMAINING WORK IMPACTING FEBRUARY 2019 COST FORECAST OF APPROXIMATELY $470 MILLION.SASOL LTD - A CONTINGENCY AMOUNT FOR ITEMS THAT COULD IMPACT COST FORECAST OF $300 MILLION.SASOL LTD - ADDITIONALLY, THROUGHOUT LCCP, THERE HAVE BEEN ADVERSE WEATHER CONDITIONS AND RELATED PRODUCTIVITY ISSUES.SASOL LTD - COST TO COMPLETION ESTIMATE FOR LCCP IS TRACKING 22 MAY 2019 ANNOUNCED COST GUIDANCE RANGE OF BETWEEN $12,6 BILLION AND $12,9 BILLION.SASOL LTD - REVIEW, WHICH IS LEGALLY PRIVILEGED, HAS NOW BEEN CONCLUDED.SASOL - "PRIMARY RESPONSIBILITY FOR SHORTCOMINGS IN RELATION TO LCCP LIES WITH FORMER LEADERSHIP OF LCCP'S PROJECT MANAGEMENT TEAM (PMT)".SASOL LTD - NO EARNINGS, FINANCIAL POSITION, OR CASH FLOW RESTATEMENTS ARE REQUIRED.SASOL - BONGANI NQWABABA, STEPHEN CORNELL, JOINT CEOS, AGREED TO AMICABLE MUTUAL SEPARATION WITH CO.SASOL LTD - FOR FY2019, ALL MEMBERS OF GROUP EXECUTIVE COMMITTEE (GEC) WERE AWARDED ZERO AS VALUE OF THEIR SHORT-TERM INCENTIVE.SASOL - EFFECTIVE OCT 31, BONGANI AND STEPHEN WILL STEP DOWN AS JOINT CEOS, AND AS EXECUTIVE DIRECTORS OF SASOL AND ITS SUBSIDIARIES.SASOL LTD - FOR FY2019, JOINT CEOS WERE AWARDED ZERO AS VALUE OF THEIR SHORT-TERM INCENTIVE.

Sasol Updates On Independent Board Review And Release Of 2019 Annual Results

Sept 6 (Reuters) - Sasol Ltd <SOLJ.J>::UPDATE ON INDEPENDENT BOARD REVIEW AND RELEASE OF 2019 ANNUAL FINANCIAL RESULTS.TO COMMISSION MORE WORK UNDER INDEPENDENT REVIEW, TO STIPULATE FOR IN-DEPTH INVESTIGATION INTO SOME ASPECTS CONTEMPLATED UNDER ORIGINAL SCOPE.ADDITIONAL RESOURCES HAVE BEEN DEPLOYED BY INDEPENDENT EXPERTS TO COMPLETE REVIEW BY MID-OCT 2019.ADDITIONAL WORK TO ALLOW COMPLETE AND THOROUGH INVESTIGATION, ENABLING EFFECTIVE CONCLUSION OF AUDIT OF COMPANY'S 2019 FINANCIAL RESULTS.NOTHING HAS COME TO ATTENTION OF BOARD THAT NECESSITATES REVISION OF COST GUIDANCE FOR LCCP OF $12,6 BILLION- $12,9 BILLION.TO ASSESS IF CONTROL WEAKNESS, CAUSE OF CHANGES IN COST, SCHEDULE OF LAKE CHARLES CHEMICALS PROJECT THERE IN CO'S PRIOR FY AND/OR TECH FUNCTION.

Sasol Says LCCP Ethane Cracker Unit Achieves Beneficial Operation

Aug 28 (Reuters) - Sasol Ltd <SOLJ.J>::SASOL'S LCCP ETHANE CRACKER UNIT ACHIEVES BENEFICIAL OPERATION.TEST RUN AT LCCP HAS NOW BEEN COMPLETED AND WE HAVE ACHIEVED BENEFICIAL OPERATION OF UNIT.LCCP'S ETHANE CRACKER PLANT CONTINUES TO OPERATE STABLY AT A CAPACITY UTILISATION OF AROUND 50%..CONTINUE TO FOCUS ON IMPROVING ETHYLENE QUALITY AND RAMP UP PLANT IN ACCORDANCE WITH PLANS.CURRENT LCCP OUTPUT IS UTILISED BY OUR DOWNSTREAM UNITS AND REMAINDER IS SOLD TO EXTERNAL CUSTOMERS.

Sasol Says 2020 LCCP EBITDA Guidance Adjusted From $300-350 Mln To $150-300 Mln

Aug 26 (Reuters) - Sasol Ltd <SOLJ.J>::UPDATE ON SASOL’S LAKE CHARLES CHEMICALS PROJECT ETHANE CRACKER UNIT.CURRENTLY HALFWAY THROUGH ACHIEVING OUR 72 HOUR BENEFICIAL OPERATION PRODUCTION TEST RUN ON ETHANE CRACKER..ON 24 AUGUST 2019, REACHED IMPORTANT MILESTONE OF PRODUCING ETHYLENE AT LCCP THAT MEETS FEEDSTOCK REQUIREMENTS OF SOME OF OUR DOWNSTREAM UNITS.ETHYLENE PRODUCED MARGINALLY BELOW POLYMER GRADE SPECIFICATION DUE TO ACETYLENE REACTOR SYSTEM NOT PERFORMING AS EXPECTED AT LAKE CHARLES.EFFORTS TO UPGRADE ETHYLENE TO POLYMER GRADE SPECIFICATION ARE UNDERWAY WITH SUPPORT OF CATALYST SUPPLIER AND TECHNOLOGY LICENSOR.CURRENTLY OPERATING PLANT AT LAKE CHARLES STABLY AT A CAPACITY UTILISATION OF AROUND FIFTY PERCENT WHICH IS IN LINE WITH OUR RAMP-UP PLAN.ABILITY TO MANAGE FACILITIES, MEET PRODUCTION NEEDS IN US ALLOWS CO FLEXIBILITY TO CONSUME ETHYLENE PRODUCED INTERNALLY, PLACE IT EXTERNALLY.REGARDING LAKE CHARLES, FURTHER RAMP UP IN VOLUMES WILL BE EXECUTED AS CURRENT OPERATIONAL ISSUES ARE RESOLVED.LCCP EBITDA GUIDANCE FOR 2020 FINANCIAL YEAR HAS BEEN ADJUSTED FROM US$300-350 MILLION TO US$150-300 MILLION.NOTWITHSTANDING REVISIONS TO BENEFICIAL OPERATION DATES, COST GUIDANCE FOR LCCP OF US$12,6-12,9 BILLION REMAINS UNCHANGED.ON LCCP, REMAIN CONFIDENT THAT INCREMENTAL COSTS RESULTING FROM DELAY CAN BE ABSORBED WITHIN EXISTING BASE COST AND CONTINGENCY BUFFER.

Sasol Responds To Investor Enquiries

Aug 21 (Reuters) - Sasol Ltd <SOLJ.J>::RESPONSE TO INVESTOR ENQUIRIES.NO PRICE SENSITIVE INFORMATION OTHER THAN THAT CONTAINED IN AUG 16 ANNOUNCEMENT DISCUSSED WITH INVESTORS, ANALYSTS ON DELAY OF 2019 RESULTS.

Sasol Says Has Decided To Delay Announcement Of FY Results

Aug 16 (Reuters) - Sasol Ltd <SOLJ.J>::JSE: SOL - SOLBE1 - UPDATE ON SASOL BOARD REVIEW, DELAY OF THE FINANCIAL RESULTS ANNOUNCEMENT AND UPDATE ON LCCP.SASOL LTD - HAS DECIDED TO DELAY ANNOUNCEMENT OF SASOL'S 2019 FINANCIAL RESULTS.SASOL LTD - EXPECTS TO ANNOUNCE 2019 FINANCIAL RESULTS ON 19 SEPTEMBER 2019.SASOL LTD - BOARD REMAINS CONFIDENT THAT GUIDANCE ON EARNINGS RANGES PROVIDED IN TRADING STATEMENT REMAIN UNCHANGED.SASOL LTD - PREVIOUS COST GUIDANCE FOR LCCP OF $12,6-12,9 BILLION REMAIN UNCHANGED.SASOL LTD - PRELIMINARY REPORT FROM INDEPENDENT REVIEW CONTAINS OBSERVATIONS WHICH POINT TO POSSIBLE LCCP CONTROL WEAKNESSES.SASOL LTD - BOARD WILL ASSESS SUCH CONTROL WEAKNESSES AND IDENTIFY WHETHER ANY FURTHER REMEDIAL ACTIONS ARE REQUIRED.SASOL - UPDATED GUIDANCE GIVEN ON INDEPENDENT REVIEW TO ASCERTAIN FACTORS THAT IMPACTED COST & SCHEDULE CHANGES FOR LAKE CHARLES CHEMICALS PROJECT.SASOL - DECIDED TO DELAY ANNOUNCEMENT OF SASOL'S 2019 FINANCIAL RESULTS UNTIL INDEPENDENT REVIEW AND EXTERNAL AUDIT HAS BEEN COMPLETED.

Sasol Says Prudential Now Holds 5.02% Of Co

Aug 16 (Reuters) - Sasol Ltd <SOLJ.J>::JSE: SOL - SOLBE1 - NOTIFICATION OF AN ACQUISITION OF BENEFICIAL INTEREST IN SASOL SECURITIES.SASOL LTD - TOTAL BENEFICIAL INTEREST OF SASOL ORDINARY SHARES HELD BY PRUDENTIAL IS 5.02% OF TOTAL ISSUED ORDINARY SHARES OF COMPANY.

Huntsman To Buy Remaining 50% Interest In Sasol-Huntsman JV

July 27 (Reuters) - Huntsman Corp <HUN.N>::HUNTSMAN ANNOUNCES ACQUISITION OF REMAINING 50% INTEREST IN SASOL-HUNTSMAN JOINT VENTURE.HUNTSMAN WILL PAY SASOL $92.5 MILLION, ADJUSTED FOR DEBT AND OTHER AGREED UPON TERMS,.DEAL FUNDED FROM AVAILABLE LIQUIDITY.JOINT VENTURE OWNS A MANUFACTURING FACILITY IN MOERS, GERMANY WITH CAPACITY TO PRODUCE 230 MILLION POUNDS OF MALEIC ANHYDRIDE.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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