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 has published its production and sales metrics for the quarter ended 30 September 2022. In South Africa, operations faced disruptions due to a strike by Transnet employees, leading Sasol to declare force majeure on local supply and export of some products. This affected production rates at select plants while the Natref refinery remained operational. At Lake Charles, a fire occurred on 15 October 2022 at the Ziegler alcohol unit, although there were no injuries reported. Further investigations are ongoing to assess damage and repair timelines.
Sasol Limited has received approval from JSE Limited for its ZAR 15,000,000,000 Domestic Medium-Term Note Programme Memorandum. This memorandum is accessible for inspection at the Issuer's registered office and on the Company's website. Investors can find additional details on the JSE's website. For inquiries, investors can contact Tiffany Sydow, the Investor Relations Officer, at +27 (0) 71 673 1929 or via email at investor.relations@sasol.com.
Sasol and ITOCHU Corporation have signed a Memorandum of Understanding (MoU) to explore green ammonia markets, focusing on its use as a bunkering fuel and for power generation. The agreement aims to incorporate ITOCHU's participation in Sasol's green ammonia projects, with potential financial support from Japan. Signed at TICAD 8 in Tunisia, this collaboration emphasizes green hydrogen's role in achieving net-zero emissions, positioning South Africa as a hub for green hydrogen production. Sasol's initiatives reinforce its commitment to energy transition and industrial development.
Sasol has published its suite of annual reports for the financial year ended 30 June 2022, including the Integrated Report, Sustainability Report, Climate Change Report, Annual Financial Statements, and Annual Report on Form 20-F. PricewaterhouseCoopers Inc. provided an unmodified opinion on the annual financial statements released on 23 August 2022. The annual report on Form 20-F was also filed with the US SEC and contains no changes from the previous publication. These documents are available for download on Sasol's website and can be requested through Investor Relations.
Sasol reported a robust financial performance for the year ended June 30, 2022, with EBIT exceeding R61 billion, up over 100% year-over-year, driven by higher energy and chemicals prices. Basic earnings per share surged to R62.34, more than doubling the previous year's figures. The company declared a final dividend of R14.70 per share, reflecting strong capital health, with net debt reduced to US$3.8 billion. Despite operational challenges affecting volumes, Sasol's transformation program led to improved operational stability in the second half of the year.
Sasol reported strong financial results for the year ended June 30, 2022, with EBIT soaring to R61.4 billion, over 100% higher than last year, driven by rising energy and chemical prices. Adjusted EBITDA also rose 48% to R71.8 billion. Headline earnings increased by 21% to R29.7 billion, translating to a basic EPS of R62.34, more than doubling from the previous year. A final dividend of 1,470 cents per share was declared. Despite operational challenges earlier in the year, the company enjoyed improved stability in operations during the second half.
Sasol Chemicals is set to enhance sustainability at its Brunsbüttel plant in Germany by doubling its use of green steam from a new biomass cogeneration facility, to be constructed by Hamburger Energiewerke by 2024. Once operational in 2025, this facility will provide at least 70,000 megawatt hours of steam and cut the plant's CO2 emissions by about 13,000 metric tons annually. This initiative is part of Sasol’s goal to reduce scope 1 and 2 emissions by 30% by 2030, utilizing renewable feedstock from local agricultural waste.
Sasol reported strong financial results for the year ended June 30, 2022, driven by higher crude oil and chemical prices. Adjusted EBITDA is expected to rise by 36% to 56%, reaching R66 to R75.6 billion. Earnings per share (EPS) are projected to increase over 100%, from R14.57 to between R60.59 and R63.51. However, operational challenges reduced production levels, affecting overall performance. Significant non-cash adjustments include unrealized losses of R5.2 billion, though notable gains were realized from divestments. Detailed annual results will be released on August 23, 2022.
Sasol ecoFT announces its commitment to advancing decarbonization through its proprietary Fischer-Tropsch (FT) technology, capable of producing sustainable fuels and chemicals. With a significant portion of global CO2 emissions arising from hard-to-abate sectors such as aviation and shipping, Sasol aims to leverage green hydrogen and bio-based carbon to mitigate these emissions. The company highlights that existing synthetic aviation fuels are already accredited, positioning FT technology as a key player in the Sustainable Aviation Fuels market by 2035. Partnerships with industry leaders further support Sasol's goal of transitioning to net zero.
