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Task team says Sasol should keep huge benefits
According to Business Report, a task team, which investigated a proposed windfall tax on synthetic fuel producers, was quoted as saying that Sasol should not be punished or be forced to wipe the slate clean for receiving billions of rands in soft loans, tariff protection and other measures during and after the firm's privatisation. Instead the task team recommended a forward-looking tax on the volumes of synthetic fuel produced, using a progressive sliding rate of tax that varied with the price of crude oil. The proposal of this type of tax could alarm Sasol's shareholders, more than a third of whom are foreign.
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Sasol appoints Khumalo to its subsidiaries' boards
Sasol has appointed former presidential spokesman Bheki Khumalo to serve on the boards of Sasol Synfuels, Sasol Gas, Sasol Mining and Sasol Polymers, Business Day reported. Last year he was put in charge of a newly created division for government relations and also heads corporate affairs at the group. These appointments were seen by analysts as helping to improve sometimes bad relationships with the government.
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