|
|
Sasol to invest in new chemical reactor
Sasol is to spend R200 million on researching and testing a new chemical reactor. Business Report noted that if the new reactor was rolled out, it would cut capital costs of the group's gas-to-liquid processes.
|
| |
Sasol disappointed by Tribunal's ruling
Shareholders in the proposed joint venture between the liquid fuels businesses of Petronas and Sasol - Engen and Sasol Oil - today noted the ruling by the Competition Tribunal to prohibit the Uhambo merger. The parties have expressed their disappointment with the ruling and are in the process of considering all available alternatives. A further statement will be made in due course.
|
|
Click here for original article
|
| |
Tribunal prohibits Sasol/Engen merger
The Competition Tribunal, on 23 February 2006, announced that it had prohibited the merger between Sasol and Engen. The tribunal stated, "It is our strongly held view that the merged entity's power to foreclose will end, not necessarily in a massively increased retail market share but in a reconstituted cartel, under the clear leadership of the merged entity. This new cartel will destroy the promise contained in further planned deregulation."
|
|
Click here for original article
|
| |
Sasol -- impact of tax on synthetic fuel
The South African Minister of Finance, Trevor A Manuel, in his budget speech to parliament on 15 January 2006 announced that a task team would be appointed to examine the issue of a potential windfall gains tax on members of the Synthetic Fuel Industry. Sasol announce that it was not possible to determine the potential impact of this statement. Sasol would be interacting with Government to obtain greater clarity on the statements made in parliament.
|
|
Click here for original article
|
| |
Sasol loses R12bn in market capital
Sasol's share price closed 8.3% lower after Trevor Manuel noted that he would consider a windfall tax on profits from synthetic fuels. Business Day noted that the group lost R12 billion of its market capitalisation.
|
| |
Sasol to test soy biodiesel feasibility
According to Business Day, Sasol signed an agreement with the Central Energy Fund (CEF) for further studies that would speed up Sasol's plans to build a plant that would enable them to produce diesel from soy. Earlier feasibility studies showed potential for commercial-scale production, if it were supported by appropriate fiscal incentives. The proposed plant would use about 500 000 tons of soy beans to produce about 100 000 tons of biodiesel per annum, which translates in to about 125 million litres of fuel. It is expected that the new feasibility study would be done by year-end 2006.
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
