Sasol: It was cheap at R20 and it’s still cheap at R200 – analysis
The darling of the local bourse over the last twelve to eighteen months, Sasol released its results for its FY2021.
Lake Charles Chemicals Project
Sasol crashes as global oil price plunge hits at absolute worst time for energy giant
Sasol shares plunged by a record 50% on the JSE as the crash in global oil prices added to debt concerns and cost overruns at the energy company’s US plant.
Lake Charles continues to plague Sasol
Sasol said the Lake Charles Chemicals Project will make a smaller contribution to earnings, cutting its guidance for the second time in five months.
Sasol: As bad as Steinhoff, but it could easily fly. Ryk de Klerk crunches the numbers
Taking a leaf out of the value investors’ book, analyst Ryk de Klerk has got his eye on Sasol.
Sasol co-CEOs finally fall on $13bn Lake Charles sword
Sasol has named a new CEO to replace Bongani Nqwababa and Stephen Cornell as it seeks to draw a line under the $13bn chemicals plant disaster in the US.
Fluor’s dubious gifts to Sasol – first the CEO, now Lake CharlesÂ
Sasol shareholders enjoyed some respite from an unusual source yesterday after the attacks on Saudi production facilities, but the share price still trades at half the level of a year ago.
Sasol delays results for second time; widens probe of $13bn Lake Charles project
Sasol delayed its annual financial results for a second time to allow for a more in-depth investigation into what went wrong during construction of its $13bn Louisiana chemical project.
Sasol shares slump most in 20 years as Lake Charles’ cost nears $13bn
Sasol, the world’s biggest maker of fuel from coal, said the cost of its giant Lake Charles chemicals project in Louisiana will balloon to as much as $12.9bn, or about 50% more than initially planned.
Sasol half year profits rise as Lake Charles project enters crunch year
Sasol said it recorded a satisfactory operational and financial performance against the backdrop of a volatile macroeconomic environment and an uncertain geo-political climate, which impacted global demand growth.
Sasol reviewing refinery upgrade, sale due to cleaner fuel law
Sasol, the South African manufacturer of oil and chemical products, is looking at options including the possible sale of a refinery due to the country’s pending cleaner fuel standards.