Edition:
United States

Sasol Ltd (SOLJ.J)

SOLJ.J on Johannesburg Stock Exchange

55,176.46ZAc
18 Sep 2018
Change (% chg)

-1,423.54 (-2.52%)
Prev Close
56,600.00
Open
56,600.00
Day's High
56,600.00
Day's Low
54,616.00
Volume
2,310,585
Avg. Vol
1,541,491
52-wk High
58,580.00
52-wk Low
36,802.00

Latest Key Developments (Source: Significant Developments)

Sasol Financing USA Llc Files For Potential Debt Shelf Offering, Size Not Disclosed
Monday, 10 Sep 2018 06:15pm EDT 

Sept 10 (Reuters) - Sasol Ltd ::SASOL FINANCING USA LLC FILES FOR POTENTIAL DEBT SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Sasol Shareholders Approved Sasol Khanyisa Deal
Friday, 6 Apr 2018 02:21am EDT 

April 6 (Reuters) - Sasol Ltd ::SHAREHOLDERS OF SASOL AT MEETING HELD ON FRIDAY, 17 NOVEMBER 2017 APPROVED A TRANSACTION KNOWN AS SASOL KHANYISA TRANSACTION.  Full Article

Sasol ‍Says Dijkgraaf To Retire From Board
Monday, 26 Feb 2018 01:50am EST 

Feb 26 (Reuters) - Sasol Ltd ::‍H G DIJKGRAAF INFORMED COMPANY THAT HE WILL RETIRE FROM BOARD AND AS LEAD INDEPENDENT DIRECTOR OF COMPANY, EFFECTIVE 30 APRIL 2018​.‍M J N NJEKE WILL SUCCEED MR DIJKGRAAF AS LEAD INDEPENDENT DIRECTOR ON 1 MAY 2018​.  Full Article

Sasol Says HY HEPS Up 17 Pct To R17,67
Monday, 26 Feb 2018 12:05am EST 

Feb 26 (Reuters) - Sasol Ltd ::HY ‍HEADLINE EARNINGS PER SHARE UP 17% TO R17,67, HIGHER THAN MARKET GUIDANCE​.‍DIVIDEND PER SHARE UP 4% TO R5,00 PER SHARE​.‍HY EARNINGS ATTRIBUTABLE TO SHAREHOLDERS FOR SIX MONTHS ENDED 31 DECEMBER 2017 DECREASED BY 20% TO R6,9 BILLION FROM R8,7 BILLION IN PRIOR PERIOD​.‍HY ACTUAL CAPITAL EXPENDITURE, INCLUDING ACCRUALS, AMOUNTED TO R27,7​ BILLION.‍CAPITAL EXPENDITURE ESTIMATE FOR FULL YEAR HAS BEEN REVISED DOWN TO R54 BILLION LARGELY DUE TO OPTIMISATION OF CAPITAL PORTFOLIO​.SEES FY ‍BASE CHEMICALS SALES VOLUMES, EXCLUDING MERCHANT ETHYLENE, TO BE BETWEEN 1% TO 3% HIGHER THAN PRIOR YEAR​.SEES FY ‍SSO VOLUMES OF 7,7 MILLION TONS DUE TO AN UNPLANNED ELECTRICITY SUPPLY INTERRUPTION TO OPERATIONS IN JANUARY 2018​.‍SEES FY LIQUID FUELS SALES OF APPROXIMATELY 59 MILLION BARRELS​.SEES FY ‍PERFORMANCE CHEMICALS SALES VOLUMES, EXCLUDING MERCHANT ETHYLENE, TO BE BETWEEN 2% TO 3% HIGHER.SEES FY ‍GAS PRODUCTION VOLUMES FROM PETROLEUM PRODUCTION AGREEMENT IN MOZAMBIQUE TO BE BETWEEN 114 BSCF TO 118 BSCF​.  Full Article

SA's Competition Commission Recommends Approval of Sasol Mining's Acquisition of Mining Rights Held By Anglo American Inyosi Coal
Wednesday, 13 Dec 2017 08:10am EST 

Dec 13 (Reuters) - SA'S COMPETITION COMMISSION - :SA'S COMPETITION COMMISSION - RECOMMENDED TRANSACTION BE APPROVED, WHEREBY SASOL MINING INTENDS TO ACQUIRE MINING RIGHTS OVER CERTAIN PROPERTIES HELD BY ANGLO AMERICAN INYOSI COAL.  Full Article

Sasol increases existing revolving credit facility to US$3,9 bln
Thursday, 23 Nov 2017 04:04am EST 

Nov 23 (Reuters) - SASOL LTD ::‍SASOL SIGNS US$3,9 BILLION FIVE-YEAR REVOLVING CREDIT FACILITY​.‍INCREASED EXISTING US$1.5 BILLION REVOLVING CREDIT FACILITY TO US$3,9 BILLION AND EXTENDED MATURITY TO FIVE YEARS​.SASOL - ‍LAUNCHED TRANSACTION WITH TARGETED FACILITY SIZE OF US$3,0 BILLION, WHICH WAS SUBSEQUENTLY INCREASED TO US$3,9 BILLION, GIVEN NOTABLE OVERSUBSCRIPTION​.  Full Article

Sasol Ltd says will not invest in further greenfields gas-to-liquids projects
Thursday, 23 Nov 2017 01:00am EST 

Nov 23 (Reuters) - SASOL LTD ::TO DATE, SASOL HAS COMPLETED REVIEWS ON MORE THAT HALF OF ITS GLOBAL ASSETS.REVIEWS HAVE CONFIRMED THAT THE MAJORITY OF THE CO’S ASSETS WILL BE RETAINED.REVIEWS CONDUCTED IDENTIFY CANADIAN SHALE GAS ASSET AS BEING NON-CORE; WILL COMMENCE DIVESTMENT PROCESS INVOLVING PARTNER PROGRESS ENERGY.IN CO'S CHEMICALS BUSINESS, WILL PROGRESSIVELY GROW ITS PORTFOLIO OF SPECIALTY CHEMICALS.ON THE UPSTREAM FRONT, WILL PURSUE GROWTH IN E&P BOTH IN MOZAMBIQUE AND IN SELECTED COUNTRIES IN WEST AFRICA.IN THE 2022 PLUS TIMEFRAME, CONFIDENT THAT WILL BE IN A POSITION TO INCREASE DIVIDEND PAYOUT TO 45 PERCENT OR 2,2 TIMES COVER.WILL NOT INVEST IN FURTHER GREENFIELDS GAS-TO-LIQUIDS (GTL) PROJECTS; WILL NO LONGER PURSUE PROPOSED GTL PROJECT IN THE US.VALUE PROPOSITION FOR CO TO BUILD NEW GTL PROJECTS IS "UNECONOMIC" AGAINST A VOLATILE EXTERNAL ENVIRONMENT.DECIDED NOT TO INVEST IN ANY ADDITIONAL CRUDE OIL REFINING CAPACITY.  Full Article

Sasol amends plan to issue shares to settle Sasol Inzalo debt
Monday, 9 Oct 2017 01:30am EDT 

Oct 9 (Reuters) - SASOL LTD ::SASOL AMENDS PLAN TO ISSUE ADDITIONAL SHARES TO SETTLE EXPECTED OUTSTANDING SASOL INZALO DEBT .‍AMENDS PLAN TO ISSUE ADDITIONAL SHARES TO SETTLE EXPECTED OUTSTANDING SASOL INZALO DEBT​.‍BASED ON RECENT TRADING OF SHARE PRICE, CURRENT CONDITIONS WOULD NOT ALLOW CO TO MEET 2008 OBLIGATIONS AND CREATES A FUNDING SHORTFALL OF R2 BILLION- R3 BILLION​.‍SHORTFALL WILL BE MADE GOOD BY SASOL IN TERMS OF A GUARANTEE GRANTED IN RESPECT OF A PORTION OF PREFERENCE SHARE FUNDING​.‍NOW UNDERTAKING TO EXPLORE, IN CONSULTATION WITH EXTERNAL BANKS AND INZALO FUNDCOS, DIFFERENT FUNDING OPTIONS TO SETTLE RELEVANT FINANCING OBLIGATION​.‍NO LONGER PURSUE PREFERRED FUNDING OPTION OF ISSUING UP TO 43 MILLION ORDINARY SHARES THROUGH AN ACCELERATED BOOK-BUILD PROCESS​.‍INTENTION IS TO MITIGATE AMOUNT OF SHAREHOLDER DILUTION WHILST STILL MAINTAINING CO'S INVESTMENT GRADE CREDIT RATING​.‍WILL COMMUNICATE ITS FINAL PLAN FOR SETTLING INZALO FUNDCOS' DEBT IN FEBRUARY 2018​.  Full Article

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

UPDATE 3-White S.African workers protest against Sasol's black share scheme

* Union to file protest in U.S.; share price down 1.1 percent (Adds Sasol maintenance shutdowns, similar empowerment schemes)