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Sasol Ltd (SSL)

SSL on New York Consolidated

28.36USD
22 Sep 2017
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$0.04 (+0.14%)
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Latest Key Developments (Source: Significant Developments)

Sasol Inzalo Public says share transaction will unwind in 2018
Friday, 22 Sep 2017 04:12am EDT 

Sept 22 (Reuters) - SASOL INZALO PUBLIC LTD (RF) ::SASOL INZALO SHARE TRANSACTION WILL UNWIND IN 2018.RECORDED NET LOSS FOR YEAR ENDED 30 JUNE 2017 OF R106 MILLION (2016: R95 MILLION).BOARD OF DIRECTORS HAS CONCLUDED THAT NO CASH DIVIDEND SHOULD BE DECLARED FOR YEAR ENDED 30 JUNE 2017.SUFFICIENT CASH IS EXPECTED TO BE GENERATED OUT OF DIVIDENDS THAT WILL BE RECEIVED FROM SASOL LIMITED.  Full Article

Sasol says Sasol Inzalo Employee Trusts to end in 2018
Wednesday, 20 Sep 2017 01:05am EDT 

Sept 20 (Reuters) - Sasol Ltd ::SASOL LTD - SASOL INZALO EMPLOYEE TRUSTS WILL COME TO AN END IN 2018 AND SEPARATELY NEW SASOL KHANYISA EMPLOYEE SHARE OWNERSHIP PLAN WILL BE IMPLEMENTED.SASOL - INZALO FUNDCOS WILL BE REQUIRED TO DISPOSE OF PREFERRED ORDINARY SHARES IN ORDER TO BE IN A POSITION TO REDEEM PREFERENCE SHARE FUNDING AND CUMULATIVE DIVIDENDS IN 2018.ANY SHORTFALL IN VALUE OF PREFERRED ORDINARY SHARES HELD BY INZALO FUNDCOS WILL BE MADE GOOD THROUGH A SUBSCRIPTION OF SHARES BY SASOL IN INZALO FUNDCOS.SASOL INZALO FOUNDATION WILL BE RENAMED.SASOL - BASED ON CLOSING OF R389 ON 4 SEPT, THERE WILL BE NO DISTRIBUTION OF SOL SHARES TO PARTICIPANTS IN SASOL INZALO EMPLOYEE TRUSTS WHEN SASOL INZALO TRANSACTION ENDS IN 2018..  Full Article

Sasol says FY headline earnings per share down 15 pct to 35.15 rand
Monday, 21 Aug 2017 01:30am EDT 

Aug 21 (Reuters) - SASOL LTD ::FY SALES VOLUMES FOR BASE CHEMICALS UP 3% AND PERFORMANCE CHEMICALS UP 2%.FY HEADLINE EARNINGS PER SHARE OF 35.15 RAND.EXPECT AN OVERALL STRONG OPERATIONAL PERFORMANCE FOR 2018.SAYS BOARD HAS DECLARED A GROSS FINAL DIVIDEND OF R7,80 PER SHARE.FOR 2018 NORMALISED OPERATING PROFIT IS ESTIMATED TO BE BETWEEN R3 BILLION TO R5 BILLION.FOR 2018 BASE CHEMICALS US DOLLAR PRODUCT PRICES TO RECOVER DURING YEAR.FOR 2018 SOUTH AFRICAN BASE CHEMICALS SALES VOLUMES TO BE BETWEEN 3% TO 5% HIGHER THAN THE PRIOR YEAR.SEES CAPITAL EXPENDITURE, INCLUDING CAPITAL ACCRUALS, OF R59 BILLION FOR 2018 AND R37 BILLION FOR 2019.FY SECUNDA SYNFUELS OPERATIONS (SSO) INCREASED PRODUCTION VOLUMES BY 1% TO RECORD 7,83 MILLION TONS.FY TURNOVER OF 172.41 BILLION RAND VERSUS 172.94 BILLION RAND YEAR AGO.FY PROFIT BEFORE TAX OF 30.01 BILLION RAND VERSUS 23.72 BILLION RAND YEAR AGO.  Full Article

Sasol sees FY HEPS to decrease between 11 pct and 21 pct
Tuesday, 25 Jul 2017 02:00am EDT 

July 25 (Reuters) - SASOL LTD ::FY EARNINGS PER SHARE (EPS) FOR FINANCIAL YEAR ENDED 30 JUNE 2017 ARE EXPECTED TO INCREASE BY BETWEEN 48 PCT AND 58 PCT (APPROXIMATING R10,40 TO R12,56 PER SHARE).FY HEADLINE EARNINGS PER SHARE (HEPS) FOR SAME YEAR ARE EXPECTED TO DECREASE BY BETWEEN 11% AND 21% (APPROXIMATING R4,55 TO R8,69 PER SHARE).PRIOR YEAR EPS WAS NEGATIVELY IMPACTED BY R9,9 BILLION IMPAIRMENT OF OUR CANADIAN SHALE GAS ASSETS.  Full Article

Sasol says entered into number of hedges for the year
Tuesday, 2 May 2017 02:00am EDT 

May 2 (Reuters) - Sasol Ltd ::Nine month saleable production from mining at 26.3 million tons versus 29.8 million tons year ago.During the course of FY17, Sasol has entered into a number of hedges to mitigate specific financial risks.During FY17, co entered into hedges against the downside risk in the crude oil price (FY17 and Q1 FY18), rand strengthening against major currencies.  Full Article

Sasol completes majority of Rand/US dollar hedging programme for FY 2018
Tuesday, 11 Apr 2017 09:55am EDT 

Sasol Ltd : Has completed majority of its Rand/US dollar hedging programme for 2018 financial year ending on June 30, 2018 using zero-cost collar instruments . Hedges with total notional amount $4 billion (averaging $1 billion per quarter) put into place, with annual average floor R13,46/$, annual average cap R15,51/$ . Hedges approximate 70 pct of company's expected net rand/us dollar exposure in 2018 financial year .Will provide co with some cash flow and balance sheet protection, as gearing and net debt to EBITDA levels are expected to peak during 2018 FY.  Full Article

Sasol posts 38 pct fall in HY headline EPS to 15.12 rand
Monday, 27 Feb 2017 12:05am EST 

Sasol Ltd : Earnings attributable to shareholders for six months ended December 31, 2016 increased by 19% to 8.7 billion rand from 7.3 billion rand in prior period . Six month headline earnings per share down 38% to 15.12 rand, earnings per share up 19% to 14.21 rand . Six month production volumes up 1% for Secunda Synfuels operations and up 5% for Eurasian operations . Average brent crude oil prices moved 2 percent higher and since Dec 2016 moved to mid US$50/bbl range, which will positively impact our H2 2017 results . Has declared a gross interim dividend of 4.80 rand per share (15.8% lower compared to prior period) . Expect sustainable cash cost savings from RP to be 2.5 billion rand by 2019, in addition to 5.4 billion rand sustainable savings from BPEP .Revised capital expenditure estimate from 75 billion rand to 66 billion rand for full year.  Full Article

Sasol sees HEPS for six months to Dec.31 down between 34-44 pct
Thursday, 26 Jan 2017 01:00am EST 

Sasol Limited : Heps are expected to decrease by between 34 pct and 44 pct (approximating r8,26 to r10,68 per share) from prior period heps of r24,28. . Overall, sasol delivered a strong business performance across most of value chain . Secunda synfuels' production volumes increased by 1 pct and our eurasian operations increased production volumes by 8 pct on back of stronger product demand . Normalised sales volumes increased by 11 pct for our base chemicals business and 2 pct for our performance chemicals business compared to t .Our results for first half of 2017 financial year may be further affected by any adjustments resulting from our half year-end closure process.  Full Article

Sasol enters into oil put options
Thursday, 8 Dec 2016 02:29am EST 

Sasol Ltd : Has entered into oil put options, for Q2 of financial year ending June 30, 2017 (October 2016 to December 2016) . Has also entered into put options for Q3, part of Q4 FY 2017 to provide co average brent crude oil price floor of us$47,06/barrel for about 16,8 million barrels . Have entered into hedges against downside risk in crude oil price to increase stability and predictability of our cash flows . Oil put options provide company with an average brent crude oil price floor of us$48,68 per barrel (net of costs) for approximately 7,6 million barrels .Currently reviewing other commodity and currency hedges and should we enter into material hedges, an appropriate announcement will be made.  Full Article

Sasol says expects FY17 liquid fuels sales to be in line with current market guidance
Thursday, 27 Oct 2016 02:15am EDT 

Sasol Ltd : Says saleable production for Q1 2017 was 8.2 mm tons versus 9.6 mm tons last year . Says base chemicals internal sales for q1 2017 was 3 mm tons versus 2.9 mm tons last year . Says energy internal sales for Q1 2017 was 5.9 mm tons versus 6.1 mm tons last year . Says performance chemicals internal sales for Q1 2017 was 1.1 mm tons versus 1.1 mm tons last year . Says production volumes in Q1 FY17 are lower due to the impact of labour actions impacting on part of our mining operations . Says we have reduced appraisal, development and drilling activities in Canada until such time we see a sustainable recovery in North American gas prices . We still expect total annual liquid fuels sales volumes for FY17 to be approximately 61 million barrels which is in line with current market guidance provided .Base chemicals sales basket price reflects an upward trend since Q4 FY16, but still lags historical price levels due to an overcapacity in propylene.  Full Article

South Africa's Sasol plans share issue to buy out black empowerment investors

JOHANNESBURG Shares in South African petrochemicals and energy firm Sasol dropped sharply on Wednesday after it said it was looking at raising $980 million in a share sale to fund a buy- out of indebted black investors.