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United States

Sasol Ltd (SOLJ.J)

SOLJ.J on Johannesburg Stock Exchange

44,297.00ZAc
16 Nov 2018
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525.00 (+1.20%)
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Latest Key Developments (Source: Significant Developments)

Sasol Says Supreme Court Upheld Co's Appeal Against Tax Court Ruling
Friday, 9 Nov 2018 07:30am EST 

Nov 9 (Reuters) - Sasol Ltd ::TAX LITIGATION UPDATE.SASOL OIL FILED AN APPEAL AGAINST JUDGMENT BY TAX COURT WITH SUPREME COURT OF APPEAL.SUPREME COURT OF APPEAL DECIDED TO UPHOLD APPEAL AND TO SET ASIDE RULING BY TAX COURT.ON BASIS OF COURT JUDGEMENT, SASOL OIL WILL REVERSE ACCRUAL OF R1.3 BILLION.COURT CONFIRMED VIEW THAT GROUND FOR ADDITIONAL TAXATION OF SASOL OIL'S INTTL CRUDE OIL PROCUREMENT ACTIVITIES HAS NOT BEEN FULFILLED.COURT CONFIRMED SASOL OIL'S VIEW THAT GROUND FOR ADDITIONAL TAXATION OF ITS INTERNATIONAL CRUDE OIL PROCUREMENT ACTIVITIES NOT FULFILLED.UPDATES ON DISPUTE AROUND ITS INTERNATIONAL CRUDE OIL PROCUREMENT ACTIVITIES FOR 2005 TO 2014 TAX YEARS.  Full Article

Sasol Says It Expects To Meet Revised Production, Sales Targets For Year
Thursday, 18 Oct 2018 01:05am EDT 

Oct 18 (Reuters) - Sasol Ltd ::CURRENT INDICATIONS ARE THAT MINING WILL ACHIEVE TARGETED PRODUCTION LEVELS OF 40 MILLION TONS FOR FULL YEAR.ENERGY BUSINESS IS CONTINUING TO BENEFIT FROM HIGHER OIL PRICE AND LARGELY ACHIEVED OUR TARGETED LIQUID FUELS SALES VOLUMES FOR QUARTER.EXPECT TO ACHIEVE PRODUCTION TARGET OF BETWEEN 114 - 118 BSCF FOR FY19 AT MOZAMBICAN UPSTREAM OPERATIONS.ON TRACK TO ACHIEVE PREVIOUS MARKET GUIDANCE SALES OF 57 – 58 MILLION BARRELS FOR THE YEAR IN ENERGY BUSINESS.AT THIS POINT, ALL INDICATIONS ARE THAT CO WILL MEET REVISED PRODUCTION AND SALES TARGETS FOR YEAR.COST PERFORMANCE IS WITHIN MARKET GUIDANCE.REORGANISED CHEMICAL PORTFOLIO; TRANSFERRED PHENOLICS, AMMONIA & SPECIALITY GASES RESULTS FROM PERFORMANCE CHEMICALS TO BASE CHEMICALS.MAKING GOOD PROGRESS WITH PROJECT IN LAKE CHARLES, INDICATIONS ARE THAT PROJECT'S CAPITAL COST WILL REMAIN WITHIN $11,13 BILLION.SEES 2019 EBITDA FROM LCCP OF US$250 MILLION TO US$300 MILLION.  Full Article

Sasol Says First Day Of Mediation With Solidarity Concluded
Wednesday, 19 Sep 2018 11:23am EDT 

Sept 19 (Reuters) - Sasol Ltd ::SASOL LTD - FIRST DAY OF MEDIATION WITH SOLIDARITY HAS BEEN CONCLUDED AND PARTIES WILL RECONVENE AT CCMA ON 3 OCTOBER 2018.  Full Article

S. Africa's Solidarity Fails To Reach Agreement At CCMA With Sasol
Wednesday, 19 Sep 2018 10:25am EDT 

Sept 19 (Reuters) - Solidarity::NO AGREEMENT REACHED AT CCMA BETWEEN SOLIDARITY AND SASOL.SOLIDARITY- ACCORDING TO SOLIDARITY CHIEF EXECUTIVE DIRK HERMANN, MEDIATION WAS DEFERRED TO GET MORE CLARITY ON FINAL MINING CHARTER'S WORDING.S.AFRICA'S SOLIDARITY - ALSO DECIDED TO ESCALATE STRIKE TO A DAY OF PROTEST INVOLVING ALL 180 000 OF ITS MEMBERS.  Full Article

S. Africa's Solidarity Says It Is Set To Start Talks With Sasol To End Its Strike
Wednesday, 19 Sep 2018 03:27am EDT 

Sept 19 (Reuters) - South Africa's Solidarity: :S. AFRICA'S SOLIDARITY SAYS SOLIDARITY, SASOL ARE SET TO START TALKS AT CCMA TODAY TO END SOLIDARITY'S PROTRACTED STRIKE AT SASOL.  Full Article

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

South Afica's Sasol to reverse provision over tax dispute

JOHANNESBURG, Nov 9 South African petrochemicals group Sasol said on Friday it will reverse a provision of 1.3 billion rand ($91 million) after a previous unfavourable ruling over a tax dispute with the revenue service was overturned on appeal.