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 plunged the most in more than two decades after the company delayed its financial results for a month to coincide with a report on what went wrong during construction of its near-$13bn Lake Charles chemical project in Louisiana.
When you pay someone what Constable gets, you listen to his advice, even if it is outside his apparent sweet spot. Sasol’s board is doing that right now.
Sasha looks at the prospects for the oil price – and the Sasol share price – by sharing how the US’s shale gas resources have transformed global energy.
Mohammed Nalla offers fascinating insights into Sasol after it confirmed that it would be investing $8.1bn on building an ethane cracker plant in Louisiana.
Sasol has taken the final investment decision on an $8.1 billion ethane cracker it plans to build in Louisiana, the company said on Monday.
As you’ll hear from this interview, Vestact director Sasha Naryshkine does his homework. Sasol, he says, was listed in 1979 at 100c a share. Had you been fortunate enough to buy the stock 35 years ago and simply put them away in a drawer, their annual compound growth rate of 28.5% handily surpasses even that … Read more
Sasol’s financial results matter. Not just to its direct shareholders, but with a market cap of R420bn, it is owned indirectly through the retirement funds of most South Africans. Like Eskom, it was created by the State. Unlike Eskom, the oil-from-coal producer has been a roaring success. It was listed on the JSE more than … Read more
JOHANNESBURG (Reuters) – South African petrochemicals company Sasol reported a 14 percent increase in full-year earnings on Monday, boosted by higher chemical prices and a weaker rand currency, but the result fell short of analysts’ expectations. Diluted headline earnings per share rose to 59.64 cents from 52.53 cents the previous year, below a Reuters forecast … Read more
Naspers was a hot topic today after Fitch downgraded its debt to junk, noting that Naspers’ intensive investments would hinder its profitability. The market was unphased, and Naspers’ share price actually rose despite the news. Group Five was another company that impressed investors with its full year results reporting a 26% increase in normalised headline … Read more