Latest News & Developments
Discover how a series of operational setbacks and global market dynamics have led to a staggering decline in Sasol's share price, as analysts weigh the potential for recovery amid ongoing challenges in the fuel and chemicals sectors.
Italtile's CEO Lance Foxcroft reveals a 1% increase in turnover and discusses the company's robust performance amidst a changing economic landscape
Sasol’s latest financial results reveal a steep decline in revenue and earnings, as the energy powerhouse faces persistent market challenges.
Additionally, Sasol’s sales volumes saw a 5% downturn, influenced by lower production and diminished market demand, further impacting the interim earnings.
Three of South Africa's largest mining and energy companies have joined forces in a landmark agreement to produce up to 400 million litres of biodiesel from mining-degraded land, potentially reducing carbon emissions by 90% while creating new employment opportunities.
Transport Minister Barbara Creecy announces a robust logistics plan to secure jet fuel for OR Tambo International Airport, ensuring uninterrupted operations amid a recent fuel crisis.
Market guidance for both Mining and Gas remains unchanged, with the annual volume outlook for SO and Natref revised downward due to the aforementioned challenges. Despite the operational challenges faced, we remain committed to executing key self-help initiatives aimed at improving performance and mitigating the challenges we face.
TotalEnergies said in a statement on Tuesday that in 2023, the consortium signed Corporate Power Purchase Agreements (CPPA) with Sasol South Africa and Air Liquide Large Industries South Africa to supply 260 MW of renewable electricity over 20 years.
Liquid fuel sales for the first quarter were 1% lower than the previous quarter and 9% lower than the first quarter of 2024.
Ezemvelo Women’s football team made history by clinching the Sasol League Championship title in Knysna, defeating The University of Cape Town in a thrilling finale on Sunday.
Will the African champions rise to the occasion and what can we expect from this talented squad? Read on to find out more about their preparations and ambitions.
Ezemvelo from KwaZulu-Natal and the University of Cape Town (UCT) will face off in the final of the Sasol National Championship.
The quality of play at the Sasol League National Championships playoffs in Knysna has impressed Banyana Banyana coach Desiree Ellis.
Day two of the 2024 Sasol League National Championship playoffs yesterday saw goals raining down, as well as teams being eliminated in Knysna.
With hopes high and eyes set on victory, Ezemvelo Women take to the Sasol National Championships, aiming to restore KwaZulu-Natal's pride in women's football. Can they achieve what has eluded their province for decades?
THE Free Market Foundation (FMF) has joined the chorus of critics who deem the Broad-Based Black Economic Empowerment (BEE) a failure that has instead of empowering the majority of marginalised black people benefited only a few politically connected elites.
The six directors of a Johannesburg-based engineering company, NJM Heat Treatment & NDE Services (NJM) - Mark Douglas Smith, 61, Alexander Elias Roditis, 45, Vanessa Chungu, 43, Raymond Crozier, 62, Guy Phillip Le Roux, 56, and Ronald James Hoy, 58 - have been charged with BEE-fronting, fraud, theft, and money laundering.
The shenanigans were exposed by a former director, Baleseng Zinyana, when she took her partners to court after refusing to show her the company’s accounting records to conduct an audit.
Banyana coach Desiree Ellis says she’ll be watching the Sasol League National Champs play-offs closely, especially ahead of two friendlies against Denmark and England next month.
There is clear alignment between Sasol and Eskom in exploring LNG supply as an enabler of this vision.
In January this year, shareholders approved Sasol’s controversial climate-change commitment to a decarbonisation pathway towards achieving its 2030 target and 2050 net zero ambition.
Sasol reported a R27. 3 billion loss before interest and tax (Lbit), compared to earnings before interest and tax (Ebit) of R21. 5bn in the prior year. This sharp decline was mainly due to increased asset impairments, lower earnings before interest, tax, depreciation and amortisation, translation losses and reduced derivative gains.
Sasol has announced that it is providing a fuel sponsorship to Township Entrepreneurs Alliance (Tea). The oil giant said that was in line with Sasol’s commitment to nurturing entrepreneurship in South Africa and supporting the socio-economic development of fence-line communities. The sponsorship will enable Tea to conduct its mission of developing entrepreneurs in townships, rural areas and informal settlements.
The share price was trading at R144. 89 after midday yesterday, which was 39. 3% below the price it was trading at the year before.
Transnet said the variation agreement had as its central feature that, in calculating the tariff from Durban to the Natref refinery, the so-called “neutrality principle” would apply in terms of which Natref would neither be advantaged nor disadvantaged by its inland location