Welcome to our dedicated page for Sasol news (Ticker: SSL), a resource for investors and traders seeking the latest updates and insights on Sasol stock.
Sasol Limited (SSL) generates a steady flow of news related to its energy and chemicals operations, financial performance, governance and climate strategy. The company regularly publishes production and sales metrics, trading statements and audited financial results that explain how factors such as oil prices, refining margins, sales volumes and impairments affect earnings, cash flow and net debt. These updates provide insight into the performance of the Southern Africa Energy & Chemicals business and the International Chemicals business.
Corporate governance and shareholder matters are another important source of Sasol news. Notices of the annual general meeting, details of record dates, and the publication of AGM results outline how shareholders vote on financial statements, remuneration policies, climate change strategies and the election of directors and committee members. These announcements show how Sasol’s governance structures, including the Audit Committee and the Safety, Social and Ethics Committee, are refreshed and overseen.
Sasol’s news flow also covers operational and strategic developments. Examples include updates on coal quality improvement projects, operational performance at Secunda Operations, Natref and Sasolburg, and decisions to mothball or close certain chemical plants in the United States and Europe. The company reports on progress against plans to strengthen its foundation business and to grow and transform its portfolio.
In the chemicals segment, Sasol International Chemicals issues news about new product launches and sustainability initiatives, such as the commercialization of a bio‑circular insect oil‑based surfactant for cleaning markets and collaborations on catalysts for sustainable aviation fuel. Renewable energy and decarbonisation steps, including power purchase agreements and virtual power purchase agreements, are also highlighted. Investors and observers who follow Sasol news can track these financial, operational, governance and sustainability developments over time.
Sasol Limited has revised its Secunda Operations (SO) forecast production volumes for financial year 2022 to 6.7–6.8 million tons, down from previous estimates due to operational challenges. Factors include delays during a September shutdown, power supply interruptions, and safety incidents, leading to over 1 million tons of lost production. Despite improving gasifier and boiler availability, coal stockpile levels have dropped below targets, prompting coal purchases on the open market. Sasol aims to restore production levels and improve coal quality in the coming months.
Sasol is leading a feasibility study for the Boegoebaai green hydrogen project, which has been designated a Strategic Integrated Project in South Africa's National Development Plan. The study, expected to take 24 months, aims to explore Boegoebaai's potential as an export hub for green hydrogen and ammonia. Sasol has partnered with the Northern Cape Development Agency and received joint funding from the Industrial Development Corporation. The project aligns with South Africa's goal to become a global green hydrogen player, promising sustainable job creation and infrastructure investment.
Sasol Limited has announced a commitment to achieve net zero emissions by 2050, enhancing its 2030 GHG emission reduction target from 10% to 30% for its Energy and Chemicals businesses. This update aims for direct decarbonisation without divestments or offsets. The company plans to invest R20 to R25 billion annually to meet its transition goals, targeting a return on invested capital (ROIC) between 12% and 15% by 2025. Additionally, dividends will resume once debt metrics stabilize, supporting shareholder returns while pursuing sustainability.
Sasol has published its integrated report for the year ending June 30, 2021, which is available on its website. The annual financial statements received an unmodified opinion from PricewaterhouseCoopers and were previously published on August 16, 2021. Additionally, Sasol will file its annual report on Form 20-F with the SEC on September 22, 2021. A virtual Capital Markets Day is scheduled for the same day to discuss the company's long-term strategy. The Annual General Meeting will be held electronically on November 19, 2021.
Sasol and Haldor Topsøe have expanded their collaboration to jointly license and develop technologies for sustainable liquid fuels and chemicals production using Fischer-Tropsch (FT) technology. They aim to create integrated solutions for producing e-Fuels from renewable sources. Their partnership, lasting over two decades, has seen successful deployments of world-first technologies and aims to support hard-to-abate sectors like aviation. New technologies, including electrified reforming, will further enhance product yields while aiming to reduce greenhouse gas emissions.
Sasol and the Central Energy Fund (CEF) have reached a memorandum of understanding to enhance gas solutions in South Africa. This partnership aims to secure domestic energy supply and foster job creation through a just energy transition. Gas is critical to the country's energy mix and both companies will focus on future supply options and necessary infrastructure. Currently, gas supply is mainly from Mozambique, and there is a need for additional sources as reserves mature. The collaboration aims to explore various low-cost gas import locations and develop the Southern African natural gas market.
Sasol reported a significant recovery in earnings for the fiscal year ended 30 June 2021, with EBIT of R16.6 billion, surpassing the previous year's loss of R111.9 billion. Despite challenges from COVID-19 and adverse weather, the company benefitted from increased Brent crude oil and chemicals prices. Key metrics include adjusted EBITDA of R48.4 billion, headline earnings per share at R39.53, and a reduction in total debt to R102.9 billion. The company's liquidity remains robust at R84 billion, while it has opted not to declare dividends amid macroeconomic uncertainty.
Sasol's trading statement for the year ending June 30, 2021, shows significant recovery with earnings per share (EPS) projected between R12.00 and R18.00, a turnaround from a loss of R148.49 the previous year. Headline earnings per share (HEPS) are expected between R39.00 and R41.00, indicating over 100% improvement. Adjusted EBITDA is forecasted to rise by 32% to 49% to R46 billion to R52 billion, driven by stronger chemical prices and effective cost management. However, weather-related disruptions in the US impacted production by 300kt.
Sasol reported production and sales metrics for the year ended 30 June 2021, highlighting a resilient performance despite challenges. Chemical volumes decreased due to divestments and adverse weather, yet higher chemical prices led to increased revenue. The Energy sector benefited from recovering demand post-lockdowns and rising oil prices. The company is currently closing its financial year and plans to release its annual results on 16 August 2021. Investors can expect a Trading Statement in early August, detailing performance metrics further.
Sasol Limited and the Industrial Development Corporation of South Africa have signed a memorandum of cooperation to advance South Africa's green hydrogen economy. The MOC aims to leverage the country's renewable resources and Sasol's technology to become a leader in the global hydrogen market. Both entities will collaborate on policy advocacy, developing pilot and commercial hydrogen projects, and securing financing. Sasol's leadership in creating hydrogen ecosystems could generate sustainable energy products and job opportunities, supporting the nation's energy transition and economic growth.