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Analyst says Sasol's share price is undervalued
Commenting on the opinion that Sasol's share price is trading at a 21% discount to other emerging market equals, Tassin Benn, an analyst, told Business Day, "we expect the successful startup of the Oryx 1 gas-to-liquids project in Qatar in June to be the next catalyst for the share price as it cements Sasol's position as the play on commercial gas-to-liquid technology".
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Sasol to pay out between R30 and R100 million
According to the Business Report, rumours are that Sasol will pay out between R30 million and R100 million in compensation to workers injured and families of workers who lost their lives in an explosion at the group's ethylene plant in 2004. The company has been commended for the agreement, signed by Sasol, two labour unions and Richard Spoor (well know occupational injury lawyer). The level of compensation will be determined by independent trustees. Sasol said that it was committed to paying whatever final amount was determined.
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Sasol reaches compensation agreement with workers
Sasol has reached an agreement for compensation of 350 employees and contractors who were involved in an explosion at its Secunda operations in 2004. Business Report noted that the settlement amount was not disclosed.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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