Sasol shares drop over five percent amid production and operational challenges
Sasol shares dropped by over five percent following operational challenges and lower production volumes in the first quarter of FY2025, as the petrochemical giant grapples with phased shutdowns and market pressures.
Related
South African executive Simon Baloyi-led Sasol wins $241 million Transnet payout
The payment resolves all pending litigation between the two state-backed firms, according to a Sens announcement issued after the market closed on Friday.
Sasol CEO, Simon Baloyi signals chemical unit listing before 2030
The division, anchored by a $12.8 billion Lake Charles Chemicals Project in Louisiana, is expected to contribute up to $1 billion annually to Sasol’s earnings by 2030.
South African executive Simon Baloyi-led Sasol posts $6.7 billion in revenue in H1 2024
The decline in revenue was driven by a combination of weaker oil prices, a 5 percent drop in sales volumes, and softer market demand.
Sasol, led by South African executive Simon Baloyi, plans to revive and list chemical division
Sasol has been working to optimize the project’s performance, restore investor confidence, and explore strategic options—including an Initial Public Offering (IPO).
Latest
East Africa's first billionaire hands over multi-million-dollar faculty complex in Uganda
The project, delivered by Vcon Construction, the construction arm of the Ruparelia Group, was reportedly completed in just under two years.
Dis-Chem founder Ivan Saltzman restructures $377.7 million stake among heirs
Dis-Chem’s Ivan Saltzman restructures $377.7 million stake, transferring shares to heirs in a move reinforcing family control, succession, and executive alignment.
Tanzanian businessman Said Bakhresa plans $500 million factory expansion
The move is aimed at boosting production and reinforcing the company’s leadership in the regional market.
Egyptian businesswoman Hend El-Sherbini expands IDH with $8 million CAIRO RAY acquisition
IDH moves deeper into radiology with $8 million CAIRO RAY deal.