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 (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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