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) is a global leader in integrated energy and chemical solutions, leveraging vertical integration from resource extraction to product commercialization. This page serves as the definitive source for Sasol-related news, offering investors and stakeholders timely updates on operational developments and strategic initiatives.
Access curated press releases, earnings reports, and announcements covering Sasol’s core operations in liquid fuels, performance chemicals, and low-carbon technologies. Our repository ensures you stay informed about regulatory compliance milestones, technological innovations, and market expansions without needing to track multiple sources.
Key updates include:
• Financial performance (quarterly/annual results)
• Strategic partnerships and joint ventures
• Environmental initiatives and emissions management progress
• Operational updates from South African and international facilities
Bookmark this page for streamlined access to verified SSL developments. For comprehensive analysis, combine these updates with Stock Titan’s financial tools and market data resources.
Sasol (SSL) has received a favorable decision from the Minister of Forestry, Fisheries and the Environment regarding its appeal for alternative regulation of sulphur dioxide (SO2) emissions at its Secunda Operations. The Minister has permitted SO2 emissions from the steam plant boilers to be regulated on an alternative emission load basis from 1 April 2025 to 31 March 2030. On 26 July 2024, Sasol was notified of the concentration-based limits to be applied alongside the load-based limit. This decision allows Sasol to proceed with implementing its load-based integrated solution.
Sasol will now apply to the local licensing authority to incorporate these limits into its atmospheric emissions license (AEL) for Secunda Operations, ensuring lawful operations from 1 April 2025. This development marks a significant regulatory milestone for Sasol's environmental compliance strategy.
Sasol (SSL) has released its production and sales performance metrics for the fiscal year ending June 30, 2024. The company has made this information available on its official website, www.sasol.com, under the Investor Centre section. Investors and analysts can access detailed data on Sasol's operational performance and sales figures for the past year through this report. While specific figures are not provided in the press release, the publication of these metrics is a standard practice for transparency and investor relations. For more information or inquiries, interested parties can contact Sasol's Investor Relations team, led by VP Tiffany Sydow.
The High Court of South Africa has awarded Sasol Oil damages amounting to R3.89 billion plus interest of approximately R2.3 billion, resulting from a legal dispute with Transnet SOC The litigation, which began in 2017, concerned Transnet's breach of its obligation to set fair pipeline tariffs for crude oil transportation as per a 1991 agreement. Sasol Oil, alongside TotalEnergies Marketing, which both own shares in the Natref crude oil refinery, claimed they were overcharged for crude oil conveyance over several years. The trial concluded between April 15 and May 3, 2024, with the judgment delivered on June 18, 2024, favoring Sasol Oil and TotalEnergies.
Johannesburg, May 21, 2024: Sasol announces several changes to its Board of Directors in compliance with JSE Listings Requirements.
Mr. David G P Eyton will join as an independent non-executive director effective September 1, 2024. With a rich background in the oil and gas sector, Eyton's expertise in energy transition and digital technologies is expected to be valuable for Sasol's progress.
Ms. Mpho Nkeli will retire as a non-executive director and chairman of the Remuneration Committee on August 31, 2024. Mr. Timothy Cumming will assume the role of chairman of the Remuneration Committee on September 1, 2024, following his appointment as a director on June 1, 2024.
Mr. Steven Westwell will retire as non-executive director and Chairman on June 1, 2024, upon his twelfth anniversary. Ms. Muriel Dube, Lead Independent Director, will temporarily take over the responsibilities of Chairman until a permanent successor is appointed.
Sasol has appointed Mr. Timothy John Cumming as an independent non-executive director, effective June 1, 2024. Mr. Cumming brings a wealth of experience in financial services and mining sectors, meeting independence requirements in South Africa and the United States. The appointment aims to strengthen Sasol's Board during challenging times.
Sasol announced the resignation of Chief Financial Officer and Executive Director, Mr Hanré Rossouw, effective on 31 October 2024. The company has initiated the succession process, with a replacement to be announced soon. Mr Rossouw will assist in the transition until the financial year-end closing in June 2024. Shareholders were informed in compliance with JSE Listings Requirements.
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