Author: Adam Yanelli. 18 Feb 2021. The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address. *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. 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. BHP -2%, Anglo American -1.5%, Exxaro -1.6%, Glencore -0.2% African Rainbow Minerals -0.6%. 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. AngloGold Ashanti +0.8%, Harmony Gold Mining +0.9%, DRDGold +0.6%. For more on South African air pollution, click here. Polyvinyl chloride (PVC) offers in Turkey 08 Mar 2021 18:47 IST. 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. Mr Price -2.7%, Woolworths -2.6%, Foschini -1.3%, Truworths International -0.9%, Pepkor -1.4%, Massmart Holdings -3.4%. Image: Bloomberg . Please login to read the full News Article. ... 08 Mar 2021 18:57 IST. 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. The bank reported a 51% decline in profit after taxes and other adjustments for the year through December. 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 has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco. 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. Sasol said that the cash proceeds from the transaction received on 31 December 2020 will be used to repay its near-term debt obligations. Februar 2021 /PRNewswire/ -- Sasol konnte für das zum 31. 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. 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 . US-based Vaalco agreed to pay $44 million for the interest in the Etame Marin permit. Until now, it continues to develop and commercialise its chemical products in many different ways, including synthetic fuel technologies and many other liquid-formed fuels, chemicals, and electricity-related products. 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. Published: February 19, 2021 6:07 am; Author cajnews; Sasol. A few months ago, Sasol was on the ropes as oil prices tanked and its business model crumbled. Home News Petchem company Sasol to be investigated for elevated sulfur levels 2/19/2021 South Africa's Environmental Ministry said on Wednesday it would investigate whether petrochemical company Sasol's Secunda operations could be the source of a sulphur smell experienced in parts of Gauteng and Mpumalanga provinces since the weekend. View the latest share news for SASOL and JSE:SOL RNS announcements, along with all the share chat by members of the Stockopedia community On Monday, it unveiled a jump in interim earnings and said it … 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 . By continuing to use our website, we assume you are okay with it. The meeting was chaired by Pravin Gordhan, the public enterprises minsiter who oversees Eskom, she said. 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. Thursday 18 February 2021 12:56 CET | News For Sasol, decentralised and siloed procurement systems and processes across multiple business units left it blind and lacking the visibility it needed to better serve the business. 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. 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. Chiripal raises PET prices in the domestic market of India 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. 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. SASOL LIMITED Q2 2021 Earnings Call Feb 22, 2021, 8:00 a.m. Sasol Learnership Information. Moneyweb requires cookies to function properly. Sanlam -2.9%, Old Mutual -2.5%, Discovery -2.2%, Momentum Metropolitan Holdings -1.7%, Liberty -2.9%. 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. Gold stocks rose a second day as bullion prices gained. Before it's here, it's on the Bloomberg Terminal. The company was formed in 1950 in Sasolburg, South Africa. Univar to distribute Sasol’s alcohol, surfactant products in US, Canada. 18 Feb 2021. “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. 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 Tech investor Naspers gained 1.1% as partly owned Tencent rallied in Hong Kong. Antony Sguazzin, February 1 ... Sasol … 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 … Image source: The Motley Fool. In a 260-page answering affidavit to a lawsuit filed against her by environmental non profits she argued that while the country’s developmental needs must be balanced against environmental concerns, she had nevertheless acted to try and improve air quality. It’s due to be heard from May 17 to 19. Oil price (and Sasol’s) rebound in pictures – With insights from The Wall Street Journal 4th March 2021 4th March 2021 by Alec Hogg A fall in stockpiles, restraint among US producers and the speedy recovery in Asian demand have driven the rally, writes The Wall Street Journal. 2021/02/01. UPDATED 22 February 2021 - 23:27 Even as Sasol shareholders have been spared an unpopular, dilutive rights issue as their company reduced its … Have a confidential tip for our reporters? Some sumptuous corporate gift-giving to round off the year, Corporate governance wins and fails, and some surprising results, Simon’s weekly wrap: A commodity supercycle and when to sell a winning share, [TOP STORY] Tesla versus Exxaro and investor decisions, Exxaro vs Tesla and the latest shopping trends, Glencore reinstates dividend ahead of Glasenberg exit, Glencore’s 2020 output hit by Congo mine closure, sticks to targets. 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 … Anglo American Platinum -4.2%, Impala Platinum Holdings -2.1%, Northam Platinum -3.6%, Sibanye Stillwater -0.5%, Royal Bafokeng Platinum -1.7%. Sasol Limited [NYSE: SSL] price surged by 14.73 percent to reach at $1.66. Company Participants. 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 … Chiripal raises PET prices in the domestic market of India ... 7 March 2021 / Bloomberg News . Please login to read the full News Article. Court rules an employee attacked at work can sue her employer, Massmart to sell Cambridge Food, Rhino and Massfresh, Eskom board investigates racism allegations made against CEO, Municipalities want another slice of the pie, this time from IPPs, Molefe and the R78m ‘success fee’ paid to Regiments, R69bn of the R364bn pledged at investment summit has ‘flowed into the economy’, Absa baklei hard teen kieme by sy kitsbanke, At least two banks likely to pay dividends. You can get more information about how we use cookies in our Creecy said she and her predecessors were constrained by laws that mean air pollution enforcement is largely in the hands of municipalities. Foreigners remained net sellers of South African stocks for a seventh consecutive session Thursday, disposing of R56 million worth of shares. Spokesmen for Eskom and Sasol couldn’t immediately comment. MarketBeat just released five new trading ideas, but Sasol wasn't one of them. 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. The situation is unusual for Sasol. 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 … SASOL Jobs opportunity for South Africa unemployed job seeker. ... 08 Mar 2021 18:57 IST. 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. *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 Careers Government Vacancies for Gauteng Vacancies 2021. 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.. The plants also emit sulfur dioxide, mercury and fine particulate matter that cause illnesses ranging from asthma to lung cancer and contributes to birth defects, strokes and heart attacks. Zacks Investment Research‘s target price suggests a potential upside of 10.13% […] 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. 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 … New applications generally open at the beginning of each year, normally around January or February. 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 … 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 … It’s also where almost all of South Africa’s coal is mined. 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 Sasol SENS statement: . 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. Gain online access to: Project Browser - providing an … It’s also where almost all of South Africa’s coal is mined. Dezember 2020 endende Halbjahr gute Ergebnisse vorlegen. Sasol also plans to issue new shares, with a target of a $2bn rights issue in 2021. 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. Sasol Profile Since its inception in 1950 at Sasolburg, South Africa, Sasol has been the world’s pioneer of oil-from-coal resources. You are currently viewing our desktop site, do you want to download our. Sasol led the gains on the JSE yesterday, helped by the strengthening of the oil price and a weaker rand against the US dollar. Diversified miners BHP and Anglo American lead the broader gauge of mining stocks lower, with the index falling 1.4%. Sasol has called off a $2bn rights issue after it managed to slash debt by selling non-core businesses and conserving cash. Sasol has called off a $2bn rights issue after it managed to slash debt by selling non-core businesses and conserving cash. Sasol Limited [NYSE: SSL] price surged by 14.73 percent to reach at $1.66. Picture: Karen Sandison/African News Agency/ANA 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. Polyvinyl chloride (PVC) offers in Turkey 08 Mar 2021 18:47 IST. 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. 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. The latest Sasol media releases and company news from the Sasol family of businesses. Sasol Limited (NYSE:SSL) Q2 2021 Earnings Conference Call February 22, 2021 8:00 AM ET. Sasol provided the biggest boost to the overall benchmark index. ET. ... 7 March 2021 / Bloomberg News . Picture: Karen Sandison/African News Agency/ANA 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 … An index of bank stocks halted a three-day rally, dropping 1.9% as risk-off sentiment dominated. View the latest share news for SASOL and JSE:SOL RNS announcements, along with all the share chat by members of the Stockopedia community Wall Street analysts have given Sasol a "Hold" rating, but there may be better short-term opportunities in the market. 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 … Much of the finer detail of the firm’s organisational shake-up is due to be announced in November. Long wait over for gold mines’ silicosis sufferers? 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. 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. Interim results announcement for the six months ended 31 December 2020 Earnings performance. 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. 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. … Picture: Karen Sandison/African News Agency/ANA “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.”. 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. Fleetwood Grobler – President and … The firm presently has a $15.00 price target on the oil and gas company’s stock. 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 … Food and drug retailers dropped 2.2%, while general retailers retreated 1.5%. “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. South African stocks are still up 5.3% in January, on track for a third monthly advance, the longest such winning stretch since July. 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. How does the Johnson & Johnson vaccine compare to other coronavirus vaccines? 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. 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. 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. FirstRand -2.1%, Standard Bank -2.2%, Absa Group -1.6%, Capitec -1.2%, Nedbank -1.7%, Investec -0.6%.
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