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Sasol Ltd (SOLJ.J)

SOLJ.J on Johannesburg Stock Exchange

35,626.87ZAc
24 May 2019
Change (% chg)

271.87 (+0.77%)
Prev Close
35,355.00
Open
35,600.00
Day's High
36,048.00
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34,961.00
Volume
2,896,622
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52-wk High
58,580.00
52-wk Low
34,961.00

Latest Key Developments (Source: Significant Developments)

Sasol Says Chairman Mandla Gantsho Will Retire From Board
Thursday, 11 Apr 2019 

April 11 (Reuters) - Sasol Ltd ::JSE: SOL - SOLBE1 - RETIREMENT OF CHAIRMAN AND LEAD INDEPENDENT DIRECTOR AND APPOINTMENT OF DIRECTOR AND CHAIRMAN DESIGNATE.SASOL LTD - MANDLA GANTSHO WILL RETIRE FROM BOARD WITH EFFECT FROM CONCLUSION OF SASOL'S ANNUAL GENERAL MEETING (AGM) ON 22 NOVEMBER 2019.SASOL LTD - SIPHO NKOSI WILL JOIN BOARD AS INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN DESIGNATE TO SUCCEED GANTSHO.SASOL LTD - JJ NJEKE HAS INDICATED THAT HE WILL RETIRE AS A DIRECTOR OF SASOL WITH EFFECT FROM CONCLUSION OF AGM ON 22 NOVEMBER 2019.  Full Article

Sasol Ltd's Stephan Schoeman Will Be Retiring From Company
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Sasol Ltd ::JSE: SOL - SOLBE1 - CHANGES TO GROUP EXECUTIVE COMMITTEE.SASOL LTD - STEPHAN SCHOEMAN WILL BE RETIRING FROM COMPANY AFTER 30 YEARS OF SERVICE.  Full Article

Sasol Ltd Announces Market Making Services Agreement for Solbe1 Shares
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Sasol Ltd ::MARKET MAKING SERVICES AGREEMENT FOR SASOL BEE ORDINARY (SOLBE1) SHARES ENTERED INTO WITH NGONYAMA CAPITAL.ENTERED INTO A MARKET MAKING SERVICES AGREEMENT WITH NGONYAMA CAPITAL.NGONYAMA CAPITAL WILL PURCHASE AND SELL SOLBE1 SHARES IN OPEN MARKET.UNDER AGREEMENT NGONYAMA CAPITAL WILL BE BENEFICIAL OWNER OF SOLBE1 SHARES AND WILL BUY AND SELL SOLBE1 SHARES IN OPEN MARKET.NGONYAMA CAPITAL TO PURCHASE 100 000 SOLBE1 SHARES IN OPEN MARKET WITHIN A PERIOD OF SIX MONTHS FROM DATE OF THIS ANNOUNCEMENT.NGONYAMA CAPITAL WILL COMMENCE MARKET MAKING SERVICES IN TERMS OF AGREEMENT ON FEB 21.  Full Article

Sasol Achieves Beneficial Operation Of First Lake Charles Chemicals Project Production Unit
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Sasol Ltd ::SASOL ACHIEVES BENEFICIAL OPERATION OF FIRST LAKE CHARLES CHEMICALS PROJECT PRODUCTION UNIT.ITS NEW LINEAR LOW-DENSITY POLYETHYLENE (LLDPE) UNIT IN LAKE CHARLES ACHIEVED BENEFICIAL OPERATIONS ON 13 FEBRUARY 2019.ALL UTILITIES TO SUPPORT EARLY PROCESS UNITS AT LCCP WERE FULLY OPERATIONAL BY END OF NOVEMBER 2018.  Full Article

Sasol Sees Core HEPS R21,14 - R21,86 For HY 2019
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Sasol Ltd ::ESTIMATED CORE HEPS R21,14 - R21,86 FOR HALF YEAR 2019.ESTIMATED EBITDA R26 BILLION - R28 BILLION FOR HALF YEAR 2019.IN LAST QUARTER OF CY18, SOME FACTORS RESULTED IN LCCP PROJECT CAPITAL COST ESTIMATE REVISED FROM US$11,13 BILLION TO RANGE OF US$11,6 - 11,8 BILLION.DUE TO CERTAIN DELAYS, REVISING EBITDA ESTIMATE DOWN FROM US$110 - US$160 MILLION TO EBITDA LOSS OF US$165 - US$195 MILLION FOR FY19.MAINTAIN GUIDANCE THAT LCCP WILL DELIVER A STEADY STATE EBITDA OF US$1,3 BILLION IN FY2022.  Full Article

Sasol Ltd Says HY CHEPS Expected To Increase By Between 15 Pct And 35 Pct
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Sasol Ltd ::HY CHEPS ARE EXPECTED TO INCREASE BY BETWEEN 15 PCT AND 35 PCT (APPROXIMATING R2,73 TO R6,38 PER SHARE) COMPARED TO PRIOR PERIOD CHEPS OF R18,22.HEPS FOR SIX MONTHS ENDING 31 DECEMBER 2018 ARE EXPECTED TO INCREASE BY BETWEEN 12 PCT AND 29 PCT.HEPS FOR SIX MONTHS ENDING 31 DECEMBER ARE EXPECTED TO BE ABOUT R2,12 TO R5,12 PER SHARE.HY UNDERLYING CASH FLOW PERFORMANCE AND EARNINGS ARE EXPECTED TO BE MUCH STRONGER THAN PERIOD ENDED 31 DECEMBER 2017 .EXPECTED TO DELIVER SOLID SET OF HY RESULTS, UNDERPINNED BY HIGHER BRENT CRUDE OIL AND PRODUCT PRICES, A WEAKER AVERAGE RAND EXCHANGE RATE.  Full Article

Sasol Says Supreme Court Upheld Co's Appeal Against Tax Court Ruling
Friday, 9 Nov 2018 

Nov 9 (Reuters) - Sasol Ltd ::TAX LITIGATION UPDATE.SASOL OIL FILED AN APPEAL AGAINST JUDGMENT BY TAX COURT WITH SUPREME COURT OF APPEAL.SUPREME COURT OF APPEAL DECIDED TO UPHOLD APPEAL AND TO SET ASIDE RULING BY TAX COURT.ON BASIS OF COURT JUDGEMENT, SASOL OIL WILL REVERSE ACCRUAL OF R1.3 BILLION.COURT CONFIRMED VIEW THAT GROUND FOR ADDITIONAL TAXATION OF SASOL OIL'S INTTL CRUDE OIL PROCUREMENT ACTIVITIES HAS NOT BEEN FULFILLED.COURT CONFIRMED SASOL OIL'S VIEW THAT GROUND FOR ADDITIONAL TAXATION OF ITS INTERNATIONAL CRUDE OIL PROCUREMENT ACTIVITIES NOT FULFILLED.UPDATES ON DISPUTE AROUND ITS INTERNATIONAL CRUDE OIL PROCUREMENT ACTIVITIES FOR 2005 TO 2014 TAX YEARS.  Full Article

Sasol Says It Expects To Meet Revised Production, Sales Targets For Year
Thursday, 18 Oct 2018 

Oct 18 (Reuters) - Sasol Ltd ::CURRENT INDICATIONS ARE THAT MINING WILL ACHIEVE TARGETED PRODUCTION LEVELS OF 40 MILLION TONS FOR FULL YEAR.ENERGY BUSINESS IS CONTINUING TO BENEFIT FROM HIGHER OIL PRICE AND LARGELY ACHIEVED OUR TARGETED LIQUID FUELS SALES VOLUMES FOR QUARTER.EXPECT TO ACHIEVE PRODUCTION TARGET OF BETWEEN 114 - 118 BSCF FOR FY19 AT MOZAMBICAN UPSTREAM OPERATIONS.ON TRACK TO ACHIEVE PREVIOUS MARKET GUIDANCE SALES OF 57 – 58 MILLION BARRELS FOR THE YEAR IN ENERGY BUSINESS.AT THIS POINT, ALL INDICATIONS ARE THAT CO WILL MEET REVISED PRODUCTION AND SALES TARGETS FOR YEAR.COST PERFORMANCE IS WITHIN MARKET GUIDANCE.REORGANISED CHEMICAL PORTFOLIO; TRANSFERRED PHENOLICS, AMMONIA & SPECIALITY GASES RESULTS FROM PERFORMANCE CHEMICALS TO BASE CHEMICALS.MAKING GOOD PROGRESS WITH PROJECT IN LAKE CHARLES, INDICATIONS ARE THAT PROJECT'S CAPITAL COST WILL REMAIN WITHIN $11,13 BILLION.SEES 2019 EBITDA FROM LCCP OF US$250 MILLION TO US$300 MILLION.  Full Article

Sasol Says First Day Of Mediation With Solidarity Concluded
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Sasol Ltd ::SASOL LTD - FIRST DAY OF MEDIATION WITH SOLIDARITY HAS BEEN CONCLUDED AND PARTIES WILL RECONVENE AT CCMA ON 3 OCTOBER 2018.  Full Article

S. Africa's Solidarity Fails To Reach Agreement At CCMA With Sasol
Wednesday, 19 Sep 2018 

Sept 19 (Reuters) - Solidarity::NO AGREEMENT REACHED AT CCMA BETWEEN SOLIDARITY AND SASOL.SOLIDARITY- ACCORDING TO SOLIDARITY CHIEF EXECUTIVE DIRK HERMANN, MEDIATION WAS DEFERRED TO GET MORE CLARITY ON FINAL MINING CHARTER'S WORDING.S.AFRICA'S SOLIDARITY - ALSO DECIDED TO ESCALATE STRIKE TO A DAY OF PROTEST INVOLVING ALL 180 000 OF ITS MEMBERS.  Full Article

UPDATE 2-Sasol raises cost estimate for U.S. plant by around $1 bln

* Shares fall more than 10% (Adds CEO comment, share price, asset sale)