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Sasol's Chinese alcohols plant starts production
Business Report noted that Sasol had started commercial production at a new 60 000 ton-a-year alcohols plant in China. Hannes Botha, the managing director of Sasol's chemical unit, Olefins & Surfactants said: "We are positioning this plant to become a key supplier to the fast-growing Chinese alcohols market". The group also said that it would scale back production of oxo-alcohol at its Augusta plant in Italy.
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Sasol -- general meeting proceedings
Sasol shareholders are advised that the requisite majority of shareholders approved all the ordinary and special resolutions proposed at the meeting held today, Friday 16 May 2008, relating to the conclusion of a broad-based black economic empowerment equity ownership transaction equal to 10% of Sasol's issued share capital, as detailed in the circular to shareholders dated 24 April 2008. All resolutions were passed with a majority of not less than 97%.
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Sasol -- estimated earnings to 30 June 2008
Sasol expects attributable earnings per share to increase by between 40% and 50% Sasol`s attributable earnings per share for the year ended 30 June 2008 are estimated to increase by between 40% and 50% on the comparable previous reporting period with headline earnings per share increasing between 50% and 60%. Sasol`s financial results for the year ended 30 June 2008 will be announced on Monday, 8 September 2008.
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