Sasol Ltd. American Depositary Shares (SSL) News
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Below are the latest news stories about Sasol Ltd that investors may wish to consider to help them evaluate SSL as an investment opportunity.
Stock market indices do not necessarily reflect the present state of the finances of businesses in the economies underlying stock exchange baskets.
With the implementation of level three lockdown in South Africa, Sasol will be able to ramp up production.
The group's chief financial officer says no discussions to sell its downstream fuel retail business are taking place.
(Bloomberg) -- South African fuel and chemicals manufacturer Sasol Ltd. said it has no plans to sell its retail outlets, countering reports that the state-owned Central Energy Fund is in talks about acquiring the assets.“We never had any discussions” with the fund about an asset sale involving the company’s retail gas stations, Sasol Chief Financial Officer Paul Victor said Tuesday in an interview. If anything, the company is looking to expand that segment of the business, he said.Sasol needs to cut debt and is trying to raise capital through asset sales to offset the collapse in oil prices earlier this year. The company has said it may consider a $2 billion rights offer.“The expanded asset disposal process has yielded good interest in relation to a number of assets, despite the macro e...
South Africa’s state-owned Central Energy Fund is considering buying assets that have been put on the block by fuel and chemical maker Sasol as it seeks to restore itself to profitability.
Anticipated lower earnings top a turbulent year for the company, in which it has battled several operational crises, including the effects of Covid-19 in markets where it operates.
Sasol refers to the cautionary announcements released on the Stock Exchange News Service on 17 March 2020 and 31 March 2020, outlining a comprehensive response strategy designed to mitigate the impact of COVID-19 and a lower oil price. The strategy includes a cash conservation programme, an accelerated and expanded asset disposal and partnering programme, as well as a potential rights issue of up to US$2 billion, which remains subject to the progress of other initiatives.
Sasol is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10 billion debt pile, people with knowledge of the matter have said.
(Bloomberg) -- Sasol Ltd. is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10 billion debt pile, people with knowledge of the matter said.South Africa’s biggest company by revenue is working with advisers to review its 49% stake in Oryx GTL Ltd., which runs a gas-to-liquids plant in Qatar, according to the people. It is also weighing options for its upstream business Sasol Exploration & Production International as well as its 50% holding in the Rompco gas pipeline, the people said, asking not to be identified because the information is private.Sasol is examining various avenues to shore up its finances as it grapples with pressure from creditors. The company hired Bank ...
Sasol, one of the country's biggest emitters of greenhouse gases, has invited bids from independent power producers for the supply of renewable energy to its local operations in a move to reduce emissions.