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 announced the appointment of Ms Elizna Viljoen as the new Group Company Secretary, effective January 1, 2025. Viljoen, who brings over 23 years of experience in the company secretarial field, will join Sasol from Anglo American. She holds a B.Com in Marketing Management and is a Fellow of the Chartered Governance Institute of South Africa. The Board of Directors expressed confidence in Viljoen's expertise to fulfill the role's responsibilities. Ms Helaine Joubert, the current Deputy Group Company Secretary, will continue to act as Group Company Secretary until December 31, 2024.
Sasol clarifies its greenhouse gas (GHG) reduction target amid media reports suggesting a possible revision. The company reaffirms its commitment to a 30% reduction by 2030 but is refining pathways to achieve this goal. Sasol emphasizes the need for agility in responding to the changing global landscape and energy security needs. The refinement process may involve shifts in feedstock, energy, and products to support a more sustainable pathway. Sasol is prioritizing value creation opportunities for a balanced approach across People, Planet, and Profit considerations. The company will provide a detailed update at its Capital Markets Day in 2025. Sasol's 2024 Integrated Report, available on their website, outlines more information on their approach.
Sasol (SSL) has published its annual reports for the financial year ended 30 June 2024. The reports include the Integrated Report, Annual Financial Statements, and Tax Report. These documents are now available on Sasol's website and can be obtained free of charge. KPMG, Sasol's external auditors, expressed an unmodified opinion on the annual financial statements. The company's annual report on Form 20-F will be filed with the US Securities and Exchange Commission (SEC) at a later date. Sasol has also updated its report on the application of the King IV corporate governance code, which is now available on their website.
Sasol reported challenging financial results for the year ended 30 June 2024. Key points:
- Turnover decreased 5% to R275.1 billion due to constrained margins and depressed chemicals prices
- Recorded a loss before interest and tax (LBIT) of R27.3 billion compared to EBIT of R21.5 billion in 2023
- Impairment loss of R56.7 billion net of tax, mainly related to Chemicals America assets
- Headline earnings per share fell 66% to R18.19
- No final dividend declared due to net debt exceeding policy threshold
- Changed dividend policy to 30% of free cash flow if net debt below $4 billion
- Stronger operational performance in Q4 partially offset challenging conditions
Sasol (SSL) has announced the appointment of Walt Bruns as its new Chief Financial Officer and executive director, effective September 1, 2024. Bruns, currently the CFO of Sasol Southern Africa, will replace Hanré Rossouw, who is stepping down on August 31, 2024. With 15 years of experience at Sasol and extensive global expertise in chemicals and energy sectors, Bruns is well-positioned for the role. He holds a Bachelor of Commerce degree and is a certified chartered accountant in South Africa. The Board expressed confidence in Bruns' ability to drive sustainable value and support Sasol's strategic transformation.
Sasol (SSL) released a trading statement for the financial year ended 30 June 2024, reporting challenging market conditions. Adjusted EBITDA is expected to decline by 2-17% to between R54.7-64.7 billion. The company reported a net loss of R55.8 billion after tax, primarily due to impairments in its Chemicals America and Africa operations. Basic loss per share is expected to be between R68.82-71.48, compared to EPS of R14.00 in the prior year. Headline earnings per share are expected to decrease by 59-77% to R12.28-21.95. The company also announced the retirement of non-executive director Ms Nomgando Matyumza on 8 September 2024.
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.
