|
|
Sasol Inzalo exceeds all expectations
Response to the Sasol Inzalo Black Public Invitations has far exceeded expectation in terms of its broad-based appeal and the invitations are almost four times oversubscribed with the funded invitation receiving the bulk of the applications. As a testimony to the broad-based attraction of the invitations, 95% of the applications received were for 200 shares, or less. In addition to the huge numbers of applications received, Inzalo has been well received by both men and women, with a strong showing by women at 47% of the applications. Since the close of the invitations, a detailed process of reconciliation and collation has been underway, to allow for the due processing of the applications. A cornerstone of the Sasol Inzalo invitations was to create a transaction that would offer truly broad-based empowerment to a mass of people. Further information, relating to the final and confirmed number of shareholders as well as the allocation process will be made to the public via the media, after 19 August 2008.
|
|
Click here for original article
|
| |
Sasol's Nigerian project likely to cost more
According to Business Report, Sasol was reviewing the Escravos project in Nigeria. Sasol said that it now anticipates an increase in costs to USD6 billion and a delay in the project's completion date from 2010 to 2011.
|
| |
Sasol -- newsletter published on the website
Sasol has published the latest Investor Insight, a six-monthly newsletter aimed at the investment community, on its website at: http://www.sasol.com/sasol_internet/frontend/navigation.jsp?navid=5600002&rootid =3
|
|
Click here for original article
|
| |
Sasol to start exploring in Mozambique
Business Report noted that Sasol will start drilling its hydrocarbon exploration project offshore Mozambique in the third quarter of 2008. Sasol and the Mozambiquen state oil company Empresa, have agreed to lease a mobile offshore drilling unit, which is expected to arrive by the end of July 2008.
|
| |
Sasol -- invitation and extension of date
Members of the Black Public are referred to the prospectus dated 15 May 2008 issued by Sasol in respect of the cash invitation. The prospectus states that changes to the dates and times relating to the opening and closing of the cash invitation would be released on the SENS of the JSE Ltd and published in one English language newspaper. The closing date for the cash invitation has been extended from Saturday, 5 July 2008 to Wednesday, 9 July 2008. The revised salient dates and times are set out below.
- Final date for submission of application forms and payments for applicants paying by Monday, 7 July 2008
- Final date for submission of application forms and payments for applicants paying in cash and by debit card at 16:00 on Wednesday, 9 July 2008
- Closing date for cash invitation at 16:00 on Wednesday 9 July 2008
|
|
Click here for original article
|
| |
Sasol to reap huge profits from soaring oil price
Analysts said in Business Report that Sasol was likely to report a R25 billion profit for the year to June 2008. But this figure could reach as high as R44 billion for the 2009 financial year as the oil price was expected to continue rising. In 2007, Sasol's full year net profit was R17 billion. Nedcor Securities analyst, Mohamed Kharva, added that the start-up of the USD1 billion Oryx gas-to-liquids plant in Qatar and the Arya Sasol Polymers project in Iran would start contributing to the group's earnings in the year to June 2009.
|
| |
| |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
