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Sasol considers investment in Iran
Sasol executive director, Pat Davies, said a major investment was being considered in a USD1bn gas-to-liquids fuel plant in Iran. He was briefing the media on the opening of a Euro 20m catalyst plant in the Netherlands, which is a joint venture between Sasol and US catalyst specialist, Engelhard. The catalyst will be used in a series of gas-to-liquid plants that Sasol hopes to build around the world, which will form an important component of the company's future growth. Davies, says, within 10 years, gas-to-liquid operations are expected to contribute USD1bn a year to the profits of a 50-50 joint venture which Sasol established with Chevron-Texaco of the US. Davies disclosed that there had been discussions with Iran, and that the outlook was promising. He said that the Iranians were very keen to do business.
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Sasol defies court order on sick worker
Sasol faces contempt of court proceedings for refusing to enforce a labour court order to reinstate a sick worker it dismissed when he became ill from exposure to chemical solvents. Solomon Khoza was employed at Sasol for 18 years and worked as a process controller at Sasol 3 in Secunda. He was dismissed when he became ill and Sasol said it had no work for him. In Apr 2001, the Commission for Conciliation, Mediation and Arbitration (CCMA) ruled that Khoza had been unfairly dismissed and ordered that he be reinstated. Sasol bought an application against the CCMA decision in the labour court. The acting labour court judge, however, ordered that Sasol reinstate Khoza. Brenda Khali, group communications and public affairs officer said that Sasol had entered into an appeal against the decision that Khoza be reinstated.
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Sasol invests in people
Sasol FD, Trevor Munday, said that every year Sasol spends R75m on corporate social investment and community projects in which businesses can make a big difference. The company has focussed its efforts in five areas of activity which includes education/training, job creation/small business development, health and welfare, arts and culture, and nature conservation. Munday said this was a strategic priority for the group, and on top of its programmes in SA, Sasol was also spending USD6m on communities along the path of the pipeline which is to bring natural gas from Mozambique to SA. Sasol aims to ensure that the corporate social investment programmes are able to sustain themselves after a period.
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