|
|
Sasol -- update on O&S business
Sasol announced that it will retain its Olefins & Surfactants (O&S) business and has terminated the planned divestiture process of the business. The company has identified restructuring and other opportunities to improve business performance. It intends, after consultation with stakeholders, to implement these over the next three to five years after which the options for the O&S business will be reconsidered. Sasol believes that it is not in shareholders` interests to pursue the divestiture at this stage.
|
| |
Sasol appoints Wixley to the board
Sasol announced the appointment of Tom Wixley as a non-executive director and member of the audit committee with immediate effect.
|
|
Click here for original article
|
| |
Sasol still on track with projects
Sasol told Business Day that it's still on track to earn half of its projected profits of more than USD3 billion by 2015 from new technology ventures it is pursuing around the world. The group experienced delays at several of its projects due to a global shortage of engineering skills and a resultant increase in costs. Sasol is also struggling to clinch deals in India, Australia and China where it hopes to commercialise its coal-to-liquids (CTL) and gas-to-liquids (GTL) technology.
|
| |
Sasol looks at mega empowerment deal
Pat Davies, chief executive of Sasol, told Business Report that a new empowerment equity deal is being formulated, to be announced later this year. Although no possible value of the deal was revealed, it's expected that it would be greater than the R1.45 billion Tshwarisano liquid fuels empowerment deal the group concluded last year.
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
