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Sasol Ltd (SSL.N)

SSL.N on New York Stock Exchange

18.51USD
22 Jan 2020
Change (% chg)

$-0.16 (-0.86%)
Prev Close
$18.67
Open
$18.72
Day's High
$18.72
Day's Low
$18.44
Volume
61,505
Avg. Vol
81,597
52-wk High
$34.03
52-wk Low
$16.48

Latest Key Developments (Source: Significant Developments)

Sasol Sees HY HEPS To Decrease By At Least 20%, Or R4,65
Monday, 25 Nov 2019 

Nov 25 (Reuters) - Sasol Ltd ::TRADING STATEMENT FOR THE FINANCIAL HALF YEAR ENDING 31 DECEMBER 2019 AND UPDATE ON BALANCE SHEET MANAGEMENT.HY HEADLINE EARNINGS PER SHARE ARE EXPECTED TO DECREASE BY AT LEAST 20%, OR R4,65.HY EPS ARE EXPECTED TO DECREASE BY AT LEAST 20%, OR R4,78.RESULTS FOR SIX MONTHS ENDING 31 DECEMBER 2019 MAY BE FURTHER AFFECTED BY ADJUSTMENTS RESULTING FROM HALF YEAR-END CLOSURE PROCESS.PUT IN PLACE INCREMENTAL LIQUIDITY THROUGH A US$1 BILLION SYNDICATED LOAN FACILITY WITH BANK OF AMERICA, CITI, MIZUHO AND MUFG.PUT IN PLACE TWO BILATERAL FACILITIES WITH A COMBINED QUANTUM OF US$250 MILLION, AND A TENOR OF TWO YEARS.  Full Article

Sasol Names V D Kahla As An Executive Director Of Co
Monday, 28 Oct 2019 

Oct 28 (Reuters) - Sasol Ltd ::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.  Full Article

Sasol Updates On Independent Board Review And Release Of 2019 Annual Results
Friday, 6 Sep 2019 

Sept 6 (Reuters) - Sasol Ltd ::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.  Full Article

Sasol Says LCCP Ethane Cracker Unit Achieves Beneficial Operation
Wednesday, 28 Aug 2019 

Aug 28 (Reuters) - Sasol Ltd ::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.  Full Article

Sasol Responds To Investor Enquiries
Wednesday, 21 Aug 2019 

Aug 21 (Reuters) - Sasol Ltd ::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.  Full Article

Sasol Says Has Decided To Delay Announcement Of FY Results
Friday, 16 Aug 2019 

Aug 16 (Reuters) - Sasol Ltd ::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.  Full Article

Sasol Says Prudential Now Holds 5.02% Of Co
Thursday, 15 Aug 2019 

Aug 16 (Reuters) - Sasol Ltd ::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.  Full Article

Sasol Sees FY Core HEPS To Increase To About R0,36 To R4,00 Per Share
Thursday, 25 Jul 2019 

July 25 (Reuters) - Sasol Ltd ::SASOL - SEES FY HEPS TO INCREASE BY BETWEEN 7% & 17% (ABOUT R1,92 TO R4,66 PER SHARE).SASOL - SEES FY CORE HEPS TO INCREASE BY BETWEEN 1% AND 11% (ABOUT R0,36 TO R4,00 PER SHARE).SASOL LTD - LCCP REMAINS IN LINE WITH REVISED COST ESTIMATE PROVIDED IN MAY 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 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