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<p>Sasol has delivered a good set of results for the half year ended 31 December 2020. The oil Giant&#8217;s headline earnings per share are up more than 100 per cent and it has managed to slash its debt by about R63 billion. Sasol CEO, Fleetwood Grobler joins CNBC Africa for more.</p>


Sasol CEO Fleetwood Grobler explains why company abandoned rights issue

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<p>Sasol today, updated its investors on its Sasol 2.0 transformation programme, which spells out its future. In a stock exchange statement the company said it has also agreed with lenders that covenant calculations will not be impacted by once off events or delayed receipt of the $2 billion it got for the sale of half of its Louisiana project. Sasol CEO, Fleetwood Grobler joins CNBC Africa for more.</p>


Sasol CEO outlines transformation strategy & keeps rights issue on hold

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<p>Petrochemicals group Sasol has reported an annual loss that has been spurred on by its R111.6 billion write-down and a drop in oil and chemical prices. Its core headline earnings fell by 61 per cent and earnings were also impacted by the R6 billion in finance charges for its Lake Charles Chemicals project. Fleetwood Grobler, CEO of Sasol CEO, Fleetwood Grobler.</p>


Sasol sees 61% decline in full-year earnings on write-down

Sasol sees 61% decline in full-year earnings on write-downs, lower oil price

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<p>Petroleum giant Sasol plans to cut jobs and end the West African oil operations. This comes as Sasol has reviewed its business struggle with high debt levels and falling oil prices. Fleetwood Grobler, President and CEO for Sasol joins CNBC Africa for more.</p>


Sasol outlines measures to protect employees from contracting COVID-19

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<p>Sasol has announced measures to stabilise its balance sheet including a potential $2 billion rights issue in the wake of lower oil prices and COVID-19 headwinds will it be enough to stabilise the crash of its share price which is down almost 90 per cent this year? Sasol CEO, joins Fleetwood Grobler for more.</p>


Sasol plans $2bn rights issue

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South African petrochemicals group Sasol’s headline earnings per share dropped 74 per cent to R5.94, weighed down by problems at its Lake Charles Chemicals project in the United States and softer chemical and Brent crude oil prices. CNBC Africa is joined by the Sasol CEO, Fleetwood Grobler for more.</p>


Sasol scraps dividend as Lake Charles continue to bite into profits

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<p>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.</p>


fleetwood grobler

Sasol CEO Fleetwood Grobler explains why company abandoned rights issue

Sasol CEO outlines transformation strategy & keeps rights issue on hold

Sasol sees 61% decline in full-year earnings on write-downs, lower oil price

Sasol to give update on Lake Charles partner in 6-8 weeks

Sasol outlines measures to protect employees from contracting COVID-19

Sasol plans $2bn rights issue

Sasol scraps dividend as Lake Charles continue to bite into profits

Sasol’s incoming CEO reveals all

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fleetwood grobler

Sasol CEO Fleetwood Grobler explains why company abandoned rights issue

Sasol CEO outlines transformation strategy & keeps rights issue on hold

Sasol sees 61% decline in full-year earnings on write-downs, lower oil price

Sasol to give update on Lake Charles partner in 6-8 weeks

Sasol outlines measures to protect employees from contracting COVID-19

Sasol plans $2bn rights issue

Sasol scraps dividend as Lake Charles continue to bite into profits

Sasol’s incoming CEO reveals all

News Tips

Advertise With Us

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