Picture: Karen Sandison/African News Agency/ANA Gain online access to: Project Browser - providing an … Home News S. Africa to investigate Sasol operation for elevated sulfur levels 2/17/2021 JOHANNESBURG, Feb 17 (Reuters) - South Africa's Environmental Ministry said on Wednesday it would investigate whether petrochemical company Sasol's Secunda operations could be the source of a sulfur smell experienced in parts of Gauteng and Mpumalanga provinces since the weekend. Still, she said, industrial activities ranging from coal-fired power plants and mines to petrochemical factories provide jobs and account for much of South Africa’s economic activity, and the need to preserve that must be balanced against environmental concerns. South Africa’s Environmental Affairs Minister, Barbara Creecy, said she rejected pleas for leniency from senior executives at the country’s two biggest air polluters as she responded to a lawsuit that says her office has breached constitutional rights to clean air. The firm presently has a $15.00 price target on the oil and gas company’s stock. The country produces almost almost all of its electricity from coal, and Sasol operates a single petrocemicals and fuel plant that produces more greenhouse gases than Norway. Petrochemical firm Sasol said on Monday it had decided not to pursue a rights issue of up to $2 billion (R30 billion) after significant progress in its turnaround strategy. Please login to read the full News Article. “In a developing country such as South Africa, for example, human dignity and equality can only be achieved through sustainable development, which inevitably will have an impact on the environment,” Creecy said in court documents that had to be submitted by Jan. 29. Author: Adam Yanelli. Mr Price -2.7%, Woolworths -2.6%, Foschini -1.3%, Truworths International -0.9%, Pepkor -1.4%, Massmart Holdings -3.4%. Global stocks are set for their worst weekly slide in about three months, partly on the turmoil caused by hoards of day-traders hatching stock bets that roiled hedge funds and strained trading platforms. Spokesmen for Eskom and Sasol couldn’t immediately comment. The latest Sasol media releases and company news from the Sasol family of businesses. It’s also where almost all of South Africa’s coal is mined. Image source: The Motley Fool. FirstRand -2.1%, Standard Bank -2.2%, Absa Group -1.6%, Capitec -1.2%, Nedbank -1.7%, Investec -0.6%. Foreigners remained net sellers of South African stocks for a seventh consecutive session Thursday, disposing of R56 million worth of shares. Sasol is set for a stronger 2021 half-year earnings, thanks to cost containment measures that helped it weather the impacts of hurricanes and lower oil prices. 2021/02/01. SASOL Vacancies 2021 News – Get a latest Fuel Distribution Officers Jobs Vacancies in South Africa Synthetic Oil Liquid. You are currently viewing our desktop site, do you want to download our. Updates with Gordhan chairing meeting in third paragraph, Hurricane-Stoking La Nina Could Make a Comeback After Fading, GE Will Build Giant Wind Turbine Blades in Northeast England, Trans Mountain Wants to Keep Insurers Secret Amid Pipe Pushback, Dramatic Shift in U.K.’s Power Mix Lies Ahead as Nuclear Fades. SASOL Careers Government Vacancies for Gauteng Vacancies 2021. February 1, 2021, 3:55 PM EST Updated on February 2, 2021, 7:48 AM EST Eskom, Sasol Rebuffed, Creecy Says in Pollution Suit Fight By . “The environmental justice groups are asking the court to declare the current levels of air pollution on the Highveld a violation of people’s constitutional rights, and to force government to take meaningful action,” the groups said in a 2019 statement. View the latest share news for SASOL and JSE:SOL RNS announcements, along with all the share chat by members of the Stockopedia community Sasol will only communicate with successful applicants, so if you have not heard from Sasol within 30 days of the closing date of the application process, it means that your application was, unfortunately, unsuccessful. Massmart surges over 20%, but has the market overreacted? The lawsuit is emblematic of growing pressure on South Africa to act to curb pollution as it emits the same amount of greenhouse gases as the U.K., which has an economy eight times the size. South Africa sued over constitutional right to clean air, Minister says development must be balanced with environment, Explore dynamic updates of the earth’s key data points. South Africa’s main stocks index was poised to halt a four-week rally that saw it post eight record closes since the start of the year and was headed for its first weekly drop of 2021. Sasol rose as much as 14% before paring the gains to 7.7%, after the fuel and chemicals company said it sees earnings more than tripling in the first half. US-based Vaalco agreed to pay $44 million for the interest in … The area is the site of 12 coal-fired Eskom power plants, a Sasol oil refinery and a coal-to-fuel plant owned by the company. Sasol has called off a $2bn rights issue after it managed to slash debt by selling non-core businesses and conserving cash. The meeting was chaired by Pravin Gordhan, the public enterprises minsiter who oversees Eskom, she said. The company was formed in 1950 in Sasolburg, South Africa. The company report on January 29, 2021 that Trading Statement And Business Performance Metrics For The Six Months Ended 31 December 2020.. Get the hottest stocks to … MarketBeat thinks these five stocks may be even better buys. The FTSE/JSE Africa All Share Index fell 1.4% as of 10:04 a.m. in Johannesburg, dropping for a third day this week, as weakness in miners and banks overwhelmed gains in index heavyweights Naspers and Sasol. SASOL Vacancies 2021 Fuel Distribution Officers Jobs in South Africa Synthetic Oil Liquid. Sasol has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco. ... 7 March 2021 / Bloomberg News . Sasol SENS statement: . Antony Sguazzin, February 1 ... Sasol … “Sustainable development, in turn, requires that I find a balance between the need for the protection of the environment and the need for socio-economic development.”. JOHANNESBURG, Jan. 4, 2021 /PRNewswire/ -- Sasol shareholders are referred to the Company's Stock Exchange News Service announcement dated 24 November 2020, in relation to the divestment of its 50% interest in the Gemini high-density polyethylene joint ventures to INEOS Gemini HDPE LLC (the "Divestment").. Sasol is pleased to announce that the Divestment successfully closed on 31 December … South African stocks are still up 5.3% in January, on track for a third monthly advance, the longest such winning stretch since July. Together the companies account for over half the greenhouse gases emitted in South Africa. Image: Bloomberg . Creecy said she and her predecessors were constrained by laws that mean air pollution enforcement is largely in the hands of municipalities. Sasol Profile Since its inception in 1950 at Sasolburg, South Africa, Sasol has been the world’s pioneer of oil-from-coal resources. Chiripal raises PET prices in the domestic market of India S. African Stocks Set for First Weekly Drop of 2021; Sasol Jumps Adelaide Changole 1/29/2021 Cocktail carryout, pandemic ‘bias,’ wellness studies: News from around our 50 states View the latest share news for SASOL and JSE:SOL RNS announcements, along with all the share chat by members of the Stockopedia community Interim results announcement for the six months ended 31 December 2020 Earnings performance. BHP -2%, Anglo American -1.5%, Exxaro -1.6%, Glencore -0.2% African Rainbow Minerals -0.6%. Sasol rose as much as 14% before paring the gains to 7.7%, after the fuel and chemicals company said it sees earnings more than tripling in the first half. The area is the site of 12 coal-fired Eskom power plants, a Sasol oil refinery and a coal-to-fuel plant owned by the company. Gold stocks rose a second day as bullion prices gained. On Monday, it unveiled a jump in interim earnings and said it … Sasol rose as much as 14% before paring the gains to 7.7%, after the fuel and chemicals company said it sees earnings more than tripling in the first half. Sasol surged on the JSE on Friday after a robust profit forecast for its 2021 half-year ended December as efforts to reduce operating cost and delay capital spend in … By Bloomberg News 2 Feb 2021 07:52 - SASOL. The case was filed in the Pretoria High Court by groundWork, an environmental-rights organization, and the Vukani Environmental Justice Movement in Action, in 2019. 18 Feb 2021. Sasol has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco. It was 'a decision that would typically be taken by a CEO in my position' says former head of Transnet. Feb. 22, 2021 3:00 AM ET Sasol Limited (SSL) By: Mamta Mayani, SA News Editor 5 Comments Sasol (NYSE: SSL ) : 1H Headline EPS of R19.16; GAAP … Dezember 2020 endende Halbjahr gute Ergebnisse vorlegen. Join our mailing list to receive top business news every weekday morning. Published: February 19, 2021 6:07 am; Author cajnews; Sasol. Please login to read the full News Article. Fleetwood Grobler – President and … Sanlam -2.9%, Old Mutual -2.5%, Discovery -2.2%, Momentum Metropolitan Holdings -1.7%, Liberty -2.9%. For more on South African air pollution, click here. AngloGold Ashanti +0.8%, Harmony Gold Mining +0.9%, DRDGold +0.6%. Why Sasol shares are running – With insights from The Wall Street Journal 8th February 2021 by Jarryd Neves ‘A booming rally in oil markets has pushed crude prices to their highest levels’ since the start of the pandemic, says The Wall Street Journal. Februar 2021 /PRNewswire/ -- Sasol konnte für das zum 31. 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Home News Sasol to reuse wax from spent catalysts 2/10/2021 In keeping with its priority Sustainable Development Goal (SDG) of responsible production and consumption, Sasol and waste management company GrnCat, have developed a solution to recover wax from spent catalysts. Sasol (NYSE:SSL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. *This content is brought to you by Sasol The energy and chemicals group has managed to cut debt by conserving cash and selling non-core businesses. In June she said she told Bernard Klingenberg, executive vice president of energy operations at Sasol Ltd., that the company wouldn’t be allowed to postpone installation of pollution abatement equipment at an oil refinery beyond March 2025. S.Africa's Sasol expects half-year profit to more than treble - Reuters reuters.com - January 29 at 12:05 PM: S.Africa's Sasol expects half-year profit to more than treble - Nasdaq nasdaq.com - January 29 at 7:05 AM: S. African Stocks Set for First Weekly Drop of 2021; Sasol Jumps - Bloomberg bloomberg.com - January 29 at 7:05 AM A few months ago, Sasol was on the ropes as oil prices tanked and its business model crumbled. The situation is unusual for Sasol. Massmart reports R1.8bn loss despite increase in online sales, Massmart gaan sy Rhino en Cambridge afdelings verkoop, Transnet calls for end to Total’s South African oil-tariff break, Estate planning: Ensuring that your minor children receive their inheritance, Direct offshore investing: Here’s what it entails, Molefe and the R78m 'success fee' paid to Regiments, How to fund your business in South Africa, Nedbank and Xero encourage small businesses to embrace a new way to connect. An index of bank stocks halted a three-day rally, dropping 1.9% as risk-off sentiment dominated. The giant Sasol plant in Secunda is believed to be the source of a stench of sulphur dioxide that has engulfed Gauteng and Mpumalanga ... covering socioeconomic issues and general news. Taking into account the $4.3 million deposit, net cash flow from the Sasol interest through closing and other purchase price adjustments, VAALCO paid $29.6 million to Sasol … Sasol surged on the JSE on Friday after a robust profit forecast for its 2021 half-year ended December as efforts to reduce operating cost and delay capital spend in an uncertain environment paid off. ET. Diversified miners BHP and Anglo American lead the broader gauge of mining stocks lower, with the index falling 1.4%. Clicks -3.7%, Bid Corp -2%, Shoprite Holdings Ltd. -1.5%, Spar -2.1%, Pick n Pay -1.1%. The bank reported a 51% decline in profit after taxes and other adjustments for the year through December. Moneyweb requires cookies to function properly. Home News S. Africa to investigate Sasol operation for elevated sulfur levels 2/17/2021 JOHANNESBURG, Feb 17 (Reuters) - South Africa's Environmental Ministry said on Wednesday it would investigate whether petrochemical company Sasol's Secunda operations could be the source of a sulfur smell experienced in parts of Gauteng and Mpumalanga provinces since the weekend. Zacks Investment Research‘s target price suggests a potential upside of 10.13% […] MarketBeat just released five new trading ideas, but Sasol wasn't one of them. Sasol also plans to issue new shares, with a target of a $2bn rights issue in 2021. Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. JOHANNESBURG, Jan. 4, 2021 /PRNewswire/ -- Sasol shareholders are referred to the Company's Stock Exchange News Service announcement dated 24 November 2020, in relation to the divestment of its 50% interest in the Gemini high-density polyethylene joint ventures to INEOS Gemini HDPE LLC (the "Divestment").. Sasol is pleased to announce that the Divestment successfully closed on 31 December … How to Apply Sasol Learnership 2020-2021 Application for Sasol’s learnership programme can be done by creating a new account on Sasol online opportunities’ portal . Spokesmen for Eskom and Sasol couldn’t immediately comment. South Africa’s main stocks index was poised to halt a four-week rally that saw it post eight record closes since the start of the year and was headed for its first weekly drop of 2021. You can get more information about how we use cookies in our The company report on January 29, 2021 that Trading Statement And Business Performance Metrics For The Six Months Ended 31 December 2020.. Get the hottest stocks to … The giant Sasol plant in Secunda is believed to be the source of a stench of sulphur dioxide that has engulfed Gauteng and Mpumalanga ... covering socioeconomic issues and general news. Sasol delivered a good set of results for the six months ended 31 December 2020, our earnings increased by more than 100% to R15.3bn from R4.5bn in the prior period. She also dismissed evidence in the form of modeling studies included by the non profits that said in 2016 as many as 650 people died prematurely in the so-called Highveld Priority Area because of air pollution. Terms of use. Despite a 23% decrease in the rand/barrel oil price, our adjusted EBITDA decreased by only 6%. It’s also where almost all of South Africa’s coal is mined. How does the Johnson & Johnson vaccine compare to other coronavirus vaccines? Cleared A probe by the department of environment, forestry and fisheries has cleared Sasol in Secunda from being the source of stench experienced in parts of … After filling in and completing the online application’s documents, CVs, and application letters, candidates can wait for Sasol’s further information regarding on their selection’s outcome. Hackers Breach Thousands of Security Cameras, Exposing Tesla, Jails, Hospitals, New Biotechnology Covid Treatment Reduces Risk of Death, Covid Outbreak Hits Banks, Gyms, Schools in Hong Kong, Trader Buys $36 Million of Copper and Gets Painted Rocks Instead, U.S. Stocks Rise as Tech Lags; Treasuries Climb: Markets Wrap. US-based Vaalco agreed to pay $44 million for the interest in the Etame Marin permit. Polyvinyl chloride (PVC) offers in Turkey 08 Mar 2021 18:47 IST. JSE-listed Sasol announced on Monday that it would pursue a 900 MW renewable-energy roll-out at its Secunda and Sasolburg complexes by 2030, raising its … S. African Stocks Set for First Weekly Drop of 2021; Sasol Jumps Adelaide Changole , Bloomberg News Overhead lighting illuminates pumps on the forecourt of a Sasol Ltd. fuel station in Pretoria, South Africa, on Thursday, June 4, 2020. Picture: Karen Sandison/African News Agency/ANA Sasol president and chief executive officer, Fleetwood Grobler said the company aimed to announce further asset sales of between $400 million and $500 million by the end of 2021. Sasol provided the biggest boost to the overall benchmark index. Much of the finer detail of the firm’s organisational shake-up is due to be announced in November. JOHANNESBURG, Feb. 9, 2021 /PRNewswire/ -- In keeping with its priority Sustainable Development Goal (SDG) of responsible production and consumption, Sasol and waste management company GrnCat, have developed a solution to recover wax from spent catalysts.. Grobler and others have tough decisions to make about about operations, capital projects and the company’s portfolio of assets. 18 Feb 2021. ... 08 Mar 2021 18:57 IST. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. Wall Street analysts have given Sasol a "Hold" rating, but there may be better short-term opportunities in the market. Sasol has called off a $2bn rights issue after it managed to slash debt by selling non-core businesses and conserving cash. Food and drug retailers dropped 2.2%, while general retailers retreated 1.5%. Sasol Limited (NYSE:SSL) Q2 2021 Earnings Conference Call February 22, 2021 8:00 AM ET. Creecy said on Nov. 13 she told Andre de Ruyter, the chief executive officer of Eskom Holdings SOC Ltd. that she would not allow the power utility to operate its plants at current emission levels until their scheduled closure. *This content is brought to you by Sasol The energy and chemicals group has managed to cut debt by conserving cash and selling non-core businesses. Sasol Limited [NYSE: SSL] price surged by 14.73 percent to reach at $1.66. It’s due to be heard from May 17 to 19. By continuing to use our website, we assume you are okay with it. Foreigners remained net sellers of South African stocks for a seventh consecutive session Thursday, disposing of R56 million worth of shares, according to exchange operator JSE Ltd. Financials with the exception of Capitec, Santam and Sanlam look dirty cheap even by emerging market standards. Before it's here, it's on the Bloomberg Terminal. SASOL Jobs opportunity for South Africa unemployed job seeker. 25th February 2021 25th February 2021 by Editor By Ott Ummelas and Lars Erik Taraldsen (Bloomberg) – Norway’s $1.3trn wealth fund blacklisted 15 companies last year, including Glencore, as part of a strategy by the world’s biggest sovereign investor to fight unethical conduct at some of the most powerful corporations. Picture: Karen Sandison/African News Agency/ANA Long wait over for gold mines’ silicosis sufferers? The petrochemical firm which had a turbulent 2020 period said on Friday it expects earnings per share and headline earnings per share to rise by more than 100% compared to the previous half year. ... 08 Mar 2021 18:57 IST. ... 7 March 2021 / Bloomberg News .
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