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Sasol review may result in sale or closure of assets, but no ‘fire sale’  

By: Terence Creamer     21st August 2017 Chemicals and energy group Sasol has announced that an asset-review process is under way that could result in the sale, closure or growth of certain assets. However, the JSE-listed company has also stressed that there will be no “fire sale”. Joint president and CEO Bongani Nqwababa reports that... 

Sasol turns to courts after Sars slaps it with tax bills worth R12.8bn 

By: Terence Creamer     21st August 2017 JSE-listed energy and chemicals group Sasol will approach the Supreme Court of Appeal (SCA) to resolve a tax dispute with the South African Revenue Service (Sars), which has slapped it with assessments for outstanding tax liabilities and penalties worth R12.8-billion. The company made a... 

SADC in need of localised development

18th August 2017 Localisation in infrastructure development in the Southern African Development Community (SADC) region is critical to industrialisation, says the Department of Trade and Industry (DTI).  

Emira on track to improve performance, despite difficult operating environment

By: Anine Kilian     16th August 2017 Despite a challenging year, JSE-listed real estate investment trust Emira Property Fund says it has significantly improved vacancies across its portfolio to 5.3%, from 7% at its half-year, while having also renewed 77% of expiring space during the financial year to June 30.    Speaking at a... 

On-The-Air (04/08/2017) 

By: Martin Creamer     4th August 2017 Royal Bafokeng Platinum this week urged the government to impose stricter air pollution control; The names of all IDC clients, including politically exposed people, are now being made public; and Botswana is taking steps to build its own Sasol. 

Sandton building wins Sapoa award

By: Victor Moolman     4th August 2017 The Sasol Place building in Sandton, designed by professional management service group Paragon Group's subsidiary Paragon Architects, won the office developments corporate and the overall winner awards from the South African Property Owners Association (Sapoa) in 2017. 

Collaboration key to developing gas projects in SADC region 

By: Anine Kilian     1st August 2017 The successful execution and implementation of energy projects in the Southern African Development Community (SADC) region, such as the Mozambique–South Africa gas pipeline project, depends on adequate collaboration between SADC member states and the owner-operators of the project, according to... 

Supplier completes first phase of cable-clamping project

By: Marleny Arnoldi     14th July 2017 Industrial equipment supplier Banding & Identification Solutions Africa completed the first roll-out phase of its Ultra-Lok cable clamping system at petrochemicals giant Sasol’s facility in Secunda, Mpumalanga, last month.  

Pipeline expansion project completed in February

14th July 2017 In February, high-end and specialised equipment supplier Energas Technologies announced that it had completed a commission to design and supply a mobile heater skid to a budgeted $210-million pipeline expansion project. The project was commissioned by engineering firm VGI Consulting Africa, on... 

Commissioning activities under way at pipeline

By: Simone Liedtke     7th July 2017 Packaging company Nampak Glass in May commissioned a 1-km-long, high-pressure underground gas pipeline that was constructed by multidisciplinary corporation Saiyl. 

Need for accurate designs of dosing systems 

By: Simone Liedtke     7th July 2017 The designs for dosing systems in the gas and fumes industries have to be accurate to ensure safety, says chemical dosing and pumping applications supplier Packaged Metering and Pumping Solutions (PMPS) technical director David O’Neill. 

Sasol awards consultancy contract to Petroplan

By: Megan van Wyngaardt     13th June 2017 Local chemicals and energy company Sasol has contracted oil and gas recruitment specialist Petroplan to provide consultancy and managed services in the UK, South Africa and Mozambique. Petroplan already has a long-standing working relationship with Sasol through the provision of both contract and... 

Sasol on track with R15.3-billion mine replacement project

By: Natasha Odendaal     8th June 2017 Sasol Mining, the coal mining arm of energy and chemicals group Sasol on Thursday unveiled the progress made over the past few years on its now nearly-completed R15.3-billion programme to replace its ageing coal mines in the Secunda area. Speaking during a site visit of the new Secunda-based... 

New approaches needed for utilities, municipalities

8th June 2017 Utilities and municipalities need to innovate and be optimised to address SA’s power challenges and stay relevant, say experts Speaking ahead of the POWER-GEN & DistribuTECH Africa conference and exhibition in Johannesburg, key industry stakeholders have highlighted the need for utilities and... 

Sasol starts construction at new China-based chemicals plant

By: Megan van Wyngaardt     8th June 2017 Sasol on Thursday reported that construction of its new alkoxylation plant in Nanjing, China, has started, with the new plant expected to be fully operational by early 2019. The new production unit will modernise and expand Sasol's current alkoxylation capacity, research and development facility... 

Manufacturing Circle, Gauteng Premier to cooperate on reviving the Vaal Triangle

By: Anine Kilian     22nd May 2017 The Manufacturing Circle will work with Gauteng Premier David Makhura on an action plan to revive the Vaal Triangle and arrest the decline of manufacturing in the region.    “The Vaal Triangle rejuvenation project is being driven the CEO Initiative, which Manufacturing Circle chairperson André de... 

India to offer coal blocks to private investors for alternative fuel production projects

By: Ajoy K Das     26th April 2017 To open up a larger window for commercial mining of coal by private investors, having recently decided to permit such private operators in the coal mining sector, the Indian government has started identifying additional coal blocks to be auctioned for exclusive extraction of alternative fuel.... 

Clamp an effective cable-theft solution

By: Robyn Wilkinson     21st April 2017 Industrial equipment supplier Banding and Identification Solutions Africa is seeing a rise in demand from the electric power sector for its Ultra-Lok open-end clamp, owing to cable theft causing substantial disruptions in South Africa’s power supply. 

Sasol finalises currency hedges worth $4bn

By: Terence Creamer     11th April 2017 Energy and chemicals group Sasol reported on Tuesday that it had finalised currency hedges with a total notional amount of $4-billion for its 2018 financial year. The hedges represent about 70% of its expected net rand/US dollar exposure for the period, which runs until June 30, 2018. The... 

Opportunities from the Indian Ocean Rim

By: Riaan de Lange     24th March 2017 Indian Ocean Rim Association Well, this certainly is a blast from the past. It was a long time ago. I had just joined the then South African Chamber of Business (Sacob) – on March 1, 1995 – and, within a few days, I was jetting off to Mauritius. I thought that I had hit the big time, and yes, the... 

Demand for ecofriendly paint expected to rise as building outlook improves

By: Schalk Burger     17th March 2017 Improving confidence and more projects in the construction sector are providing a boost in demand for a locally manufactured, industrial waste-derived, environment-friendly paint, says Amoriguard technical director and paint chemist Ryan Purchase. 

Sasol officially launches 2017 GTC Championship

By: Megan van Wyngaardt     16th March 2017 The Sasol GTC Championship team on Thursday welcomed newest team member Robert Wolk, who will be behind the wheel of the team’s BMW GTC racer. Thirty-one-year-old Wolk replaces Hennie Groenewald, who stepped down to start a new business venture in Cape Town. Wolk has been racing since the age of... 

Glycol ether market worth $10-billion by 2024

10th March 2017 A market research report titled ‘Glycol Ether Market: Global Industry Analysis and Forecast, 2016–2024’ compiled by American market research company Persistence Market Research (PMR) concluded that the glycol ether market, currently worth about $6-billion, is expected to exceed a value of about... 

Thulani Dlamini

10th March 2017 This week we feature Thulani Dlamini, CEO of the Council for Scientific and Industrial Research   

Loop Line 2 project, Mozambique and South Africa

By: Sheila Barradas     3rd March 2017 The project has reached beneficial operation. 

Anglo American to appoint Nolitha Fakude to the board

By: Natasha Odendaal     27th February 2017 Anglo American has appointed Nolitha Fakude as nonexecutive director, effective April 24. The appointment, which is subject to shareholder approval, will follow the conclusion of Anglo American’s annual general meeting. 

Stronger rand flagged by Sasol as a key earnings risk for second half

By: Terence Creamer     27th February 2017 Fuels and chemicals group Sasol has cautioned that ongoing rand/dollar volatility could pose an earnings risk for the second half its 2017 financial year, but reports that hedges are already in place to protect it from any downward oil price pressures. The JSE-listed group reported a 38% fall in... 

Former Sasol CEO Constable joins Rio Tinto board

By: Esmarie Iannucci     10th February 2017 Mining major Rio Tinto has appointed three new independent nonexecutive directors to its board. Former Sasol CEO David Constable and former Centrica CEO Sam Laidlaw have been appointed with immediate effect, while Royal Dutch Shell CFO Simon Henry will join the board in July. 

Call made for intervention to sustain Gauteng’s key industrial heartland

By: Dylan Slater     10th February 2017 Travelling about 60 km south of Johannesburg through Vereeniging and Vanderbijlpark, a general state of decay is visible in the once thriving industrial heartland known as the Vaal Triangle.  

Sluggish local economic outlook leads big companies to seek growth abroad

By: Megan van Wyngaardt     8th February 2017 As South Africa continues to face stagnant economic growth, spurred by political and economic instability, the country’s multinational enterprises (MNEs) are expected to not only increase their foreign investment outflows, but also to set up corporate offices abroad, a new survey reveals. South... 

Motors shielded in hazardous environments

By: Kimberley Smuts     27th January 2017 Heating, ventilation and air-conditioning (HVAC) contracting company 52 Engineering, a member of the South African Refrigeration and Air Conditioning Contractors Association, has employed various methods to protect motors from the dangerous and harsh environments in which they function. 52... 

Sasol expects H1 headline earnings drop

By: Natasha Odendaal     26th January 2017 JSE-listed Sasol expects to deliver mixed results for the six months ended December 31, with strong business performance across most of its value chain hampered by labour action, one-off items reported in the prior half-year period and a stronger rand/dollar exchange rate. In a trading update to... 

Anglo confident of ‘favourable outcome’ with Eskom on sale of three tied coal mines  

By: Terence Creamer     25th January 2017 Mining group Anglo American says it has held discussions with and continues to engage with Eskom, government and potential bidders on its plan to exit its Eskom-tied mines – Kriel, New Denmark and New Vaal. Responding to Eskom interim CEO Matshela Koko’s insistence that Eskom had assets at the... 

Innovation, outward-looking approach will bolster industry growth

By: Nadine James     20th January 2017 The plastics converter industry needs to alter its mindset and look for innovative solutions while becoming more outward-looking to experience real economic growth, says industry body Plastics SA. Plastics SA chairperson Bernhard Mahl describes real growth as “thousands of tons of plastics,... 

SA needs to get out of its petrochemicals cul-de-sac

2nd December 2016 In this article, Dr Rod Crompton makes the case of more refinery capacity in South Africa, which could provide competitively priced transport fuels and feedstocks for petrochemical factories that can compete with Sasol 

GOOD CHEMISTRY

2nd December 2016 Lauded as a major capital investment in tough economic times, petrochemicals company Sasol unveiled its C3 expansion project. Pictured is Sasol joint CEO Bongwani Nqwababa, Deputy Finance Minister Mcebisi Jonas, Govan Mbeki Mayor Lindi Masina and Sasol joint CEO Stephen Cornell. Speaking to... 

Aveng nears completion on Sasol Place

By: Megan van Wyngaardt     28th November 2016 Aveng Grinaker-LTA is nearing the completion of Sasol’s new global headquarters, Sasol Place, in Sandton. The building is designed in an S-shape, which links the core of the building with two atriums and represents the linked particles of the Sasol logo. The internal structure of the building is... 

Sasol turns focus to oil in Moz after shoring up gas for 400 MW power plant

By: Terence Creamer     25th November 2016 South African energy and chemicals group Sasol has completed drilling two gas wells in southern Mozambique and has since turned its attention to the development of two commercial oil reservoirs, located in close proximity to its producing gas fields in Temane and Pande. Under the terms of the... 

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