Tag: Bongani Nqwababa

Sasol’s incoming CEO reveals all

Sasol’s share price spiked more than 12 per cent today following the stepping down of the joint chief executives, Bongani Nqwababa and Stephen Cornell. The chemicals company is trying to restore business confidence after a review of the company’s Lake Charles Chemicals project in the United States and a decrease in adjusted earnings for the year ended in June. The US project was initially expected to cost $8.9 billion but that 2014 forecast has since been revised to as much as $12.9 billion. Sasol also scrapped dividends to strengthen its balance sheet. Fleetwood Grobler, President and CEO designate, and Paul Victor, the CFO join CNBC Africa for more.

Analyst responds to Sasol joint CEOs biting the dust

Sasol’s joint CEOs Bongani Nqwababa and Stephen Cornell voluntarily resigned following a review of its Lake Charles Chemicals project, which has been hit by delays and rising costs. Sasol’s share price has lost more than a third of its value in 2019 and has declared that they will not declare a dividend in this reporting period. Portfolio Manager at Benguela Global Fund Managers, Karl Gevers joins CNBC Africa for more.

In the future ethane will be more important than the oil price for Sasol: Cornell

At the World Economic Forum in Davos, CNBC Africa's Fifi Peters caught up with Bongani Nqwababa, and Stephen Cornell, who are Joint Presidents and Chief Executive Officers for Sasol South Africa and America respectively. Among the topics explored in the interview are the 4th Industrial Revolution and shaping a new framework for globalisation; shale gas and Sasol’s outlook on the oil price in the next 5 years; as well as investor confidence in Mozambique and the State of Capture Inquiry in South Africa.

Sasol’s joint CEOs on how SA is being perceived at #WEF19

At the World Economic Forum in Davos, CNBC Africa's Fifi Peters caught up with Bongani Nqwababa, and Stephen Cornell, who are Joint Presidents and Chief Executive Officers for Sasol South Africa and America respectively. Among the topics explored in the interview are the 4th Industrial Revolution and shaping a new framework for globalisation; shale gas and Sasol’s outlook on the oil price in the next 5 years; as well as investor confidence in Mozambique and the State of Capture Inquiry in South Africa.

Sasol shielded from SA downgrade

Sasol shielded from SA downgrade

Sasol tightens its belt

Sasol tightens its belt

Sasol’s FY HEPS down 15%

Sasol’s FY HEPS down 15%
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