R/€ = 17.34 Change: 0.10
R/$ = 14.83 Change: 0.09
Au 1199.20 $/oz Change: 2.81
Pt 814.50 $/oz Change: 22.00


Bosveld Phosphates Selati river pollution stopped

By: Leandi Kolver     8th January 2014 Mining company Bosveld Phosphates on Thursday stated that a secondary leak of contaminated process water from its fertiliser manufacturing plant in Phalaborwa, Limpopo, into the Selati river, caused by a crack in the concrete storm water canal on site owing to water pressure, had been completely... 

Petronas subsidiary now Sasol’s new partner in Canada shale gas assets

By: Creamer Media Reporter      17th December 2013 Energy and chemicals group Sasol has decided not to exercise its right of first refusal to match a C$1.5-billion bid from Progress Energy for part of Talisman Energy’s Montney acreage in Canada. In terms of Sasol’s existing agreement with Talisman, the South African company has a right to match... 

Sasol appoints new international operations executive VP

By: Creamer Media Reporter      5th December 2013 Integrated energy and chemicals company Sasol has appointed Stephen Cornell executive VP of international operations, based in Houston, Texas, in the US, effective February 1, 2014. Cornell, who would report directly to Sasol CEO David Constable, was currently British multinational oil and gas... 

Shale gas production will benefit economy, including steel and engineering industries 

By: Creamer Media Reporter      28th November 2013 Shale gas exploration and production in South Africa was likely to result in a significant contribution to the country’s economy, with the most significant impact on the economy coming from the participation of companies in associations federated to Steel and Engineering Industries Federation of... 

Dovetail takes Silver at Logistics Achiever Awards

27th November 2013 Dovetail Business Solutions is proud to announce that it, in conjunction with Triton Express, was presented with a silver award at the 2013 Logistics Achiever Awards, hosted on September 18 at Monte Casino. Finalists of the 2013 LAA included multi-national companies, such as Sasol, Shell, Joy... 

Sasol Selects Technip as FEED Contractor for U.S. Gas to Liquids Facility

25th November 2013 Sasol announced today that it has selected Technip as the primary contractor for the front-end engineering and design phase of its proposed gas-to-liquids facility in Louisiana. “The selection of Technip as FEED contractor is a milestone in the advancement of our GTL facility,” said Johan du... 

Sasol Q1 results positive despite economic uncertainty, industrial action

By: Leandi Kolver     25th November 2013 JSE-listed petrochemicals company Sasol delivered solid financial results for the first three months of the 2014 financial year, despite ongoing global economic uncertainty and industrial action in South Africa, Sasol CFO Paul Victor said on Monday. “The group benefited from a weaker rand/US... 

Sasol launches new, low-sulphur turbodiesel

By: Leandi Kolver     21st November 2013 South African petrochemicals company Sasol on Wednesday launched its Sasol turbodiesel ultralow sulphur (ULS) 10 ppm product to the local market, stating that the fuel was a step forward in moving South Africa closer to cleaner fuel specifications in line with international standards. The group... 

Sasol granted permit to explore for oil and gas offshore KZN 

By: Terence Creamer     13th November 2013 Energy and chemicals group Sasol has been granted a three-year exploration permit by the Petroleum Agency South Africa (Pasa) to explore the Durban and Zululand basins, offshore of South Africa’s KwaZulu-Natal province. The permit was granted to Sasol Petroleum International (SPI) and is the... 

R60m Sasolburg business incubator aims to support SMMEs

By: Joanne Taylor     8th November 2013 The Department of Trade and Industry (DTI) and Sasol have inaugurated the first building of the ChemCity Business Incubator (CBI), in Sasolburg, which will support and promote the development of small, medium-sized and microenterprises (SMMEs). Trade and Industry Minister Dr Rob Davies and Sasol... 

Sasol, GE open water-treatment pilot plant

By: Leandi Kolver     6th November 2013 Energy and chemicals company Sasol opened an anaerobic membrane bioreactor (AnMBR) technology pilot plant on Wednesday at the Sasol One Site research and development campus, in Sasolburg, Free State. This was the final step towards the commercialisation of the technology developed by electric... 

Sasol confirms changes to executive team

By: Terence Creamer     1st November 2013 Energy and chemicals group Sasol has confirmed changes to executive responsibilities, which it says are in line with a group-wide business performance enhancement programme unveiled in September. The changes will become effective from July 1, 2014. The JSE-listed company reports that Nolitha... 

Sasol completes Phase 1 of its eco-industrial park

By: Joanne Taylor     1st November 2013 Phase 1 of Sasol Group’s new ChemCity Eco Industrial Park (CEIP), a 172 ha site in Sasolburg, in the Free State, has been completed. Phase 1 comprised 110 light-industry stands of between 630 m2 and 990 m2, of which 17 have been transferred to their new owners. 

Annual report ranked best in the world

By: Anine Kilian     25th October 2013 South African petrochemicals company Sasol's 2012 annual integrated report has received an award for its level of transparency from report monitoring, scanning, scoring and rating company ReportWatch at its 2013 Best Annual Reports 2013 awards. The corporate watchdog surveyed the reports of more... 

Impressive year-end financial results for petrochemicals group

By: Zandile Mavuso     25th October 2013 Integrated energy and chemicals company Sasol reports that its sharpened strategic focus and significant progress in relation to its US megaprojects and its initiation of a complete organisational redesign have influenced its all-round good perfomance in 2013, despite the challenging rand/dollar... 

Expansion in line with customer demand

By: Zandile Mavuso     25th October 2013 Secunda-based process engineering company CDE Process built a new drafting and piping department in the first quarter of 2013, which is expected to be fully operational by the end of October. 

US ethane cracker project advances

By: Anine Kilian     25th October 2013 Construction on South African energy and chemicals group Sasol’s $7-billion ethane cracker, located in the US state of Louisiana, will start in 2014, following the final investment decision. Sasol CEO David Constable pointed out that this forms part of Sasol’s strategy of building globally... 

Company signs extension to supply contract with petrochemicals company

By: Anine Kilian     25th October 2013 A further 160 line items have been added to piping distributor and services provider Rare’s supply contract with petrochemicals company Sasol. The contract for the supply of all the group’s carbon steel pipes, fittings and flanges at its Sasolburg and Secunda plants has been extended for another... 

Mechanical seals manufacturer signs contract with petrochemicals company

By: Anine Kilian     25th October 2013 Mechanical seals manufacturer and supplier John Crane secured a contract last month to assist petrochemicals company Sasol in identifying the reasons for equipment failure through conducting root-cause analysis at its Sasol Solvents plant in Secunda. John Crane MD Aziz Sallie notes that this will... 

Sasol contributes R135m to PPP

By: Zandile Mavuso     25th October 2013 Energy and chemicals company Sasol announced last month that it had contributed R135-million to date to the Govan Mbeki and Metsimaholo municipalites, in the Free State and Mpumalanga respectively, as part of its commitment to the Ikusasa public–private partnership (PPP). 

Sasol prioritises on water stewardship projects

By: Zandile Mavuso     25th October 2013 Integrated energy and chemicals company Sasol has made water management a strategic priority as water management is a security-of-supply and regulatory risk to the company worlwide. 

C3 project on track to meet schedule

25th October 2013 Integrated energy and chemicals company Sasol’s R1.3-billion C3 stabilisation project, in Secunda, is on track to begin commercial operation, scheduled for the middle of 2014. 

Sasol art competition showcases talent

By: Anine Kilian     25th October 2013 The much anticipated winners of the 2013 Sasol New Signatures art competition were honoured at the awards ceremony held at the Pretoria Art Museum, on August 28 . Recognised as the longest running national art competition in South Africa, the annual competition offers an opportunity for emerging... 

New group executive appointed at Sasol

By: Zandile Mavuso     25th October 2013 Integrated energy and chemical company Sasol’s New Business Development group executive Ernst Oberholster began his duties in his new position this month, which entail overseeing Sasol’s current largest projects such as the Canadian gas acquisitions and the Uzbeksitan gas-to-liquids (GTL) project. 

Petrochemicals company operations on track globally

25th October 2013 Integrated energy and chemicals company Sasol continues to grow both locally and internationally as it experiences growth globally in its operations. 

SMME award presented to hydraulics solutions provider

18th October 2013 Specialised engineering and hydraulic solutions provider Malcom-Ezindaleni Hydraulics & Engineering is the winner of the Inaugural South African Premier Business Awards 2012/13 small, medium and micro-sized enterprise (SMME) Award. 

Not-for-profit body, Unilever in Africawide initiative to develop women engineers

By: Schalk Burger     4th October 2013 Non-profit organisation South Africa Women in Engineering (SAWomEng) has partnered with consumer goods giant Unilever to help create engineering capacity across Africa, says SAWomEng co-founder and CEO Naadiya Moosajee. SAWomEng has created a targeted set of interventions to attract, develop and... 

Sasol gives SA assurances as it pushes ahead with priority US projects

By: Terence Creamer     20th September 2013 Energy and chemicals group Sasol has given fresh assurances that it remains committed to its home country, despite a major investment push into the gas-flush US market. In fact, CEO David Constable used the company's recent results presentation to unveil plans for an initiative known as for... 

Aggreko expands Moz-based power plant to supply midtier power to Namibia  

By: Creamer Media Reporter      12th September 2013 From Creamer Media in Johannesburg, this is the Real Economy Report. Temporary power solutions provider Aggreko has officially launched Phase 2 of its cross-border interim power project at Gigawatt Park, in Ressano Garcia, Mozambique.  

Leadership changes at Sasol

By: Creamer Media Reporter      9th September 2013 JSE-listed energy and chemicals manufacturer Sasol has announced a number of leadership changes, including the fact that Dr Mandla Gantsho will succeed Hixonia Nyasulu as chairperson from November 22. Gantsho, a chartered accountant and a director on a number of other company boards, served as an... 

Petrochemicals company teams up with fast food franchise

By: Anine Kilian     6th September 2013 South African petrochemicals company Sasol signed an agreement with fast food franchise Burger King South Africa in July, which will enable the global restaurant chain to open stores within Sasol’s national fuel retail network in the next five to seven years. “The contract enables Sasol... 

Focused on developing skills of entrepreneurs

By: Jonathan Rodin     6th September 2013 Three hundred women entrepreneurs will, as part of the 10 000 Women project, have received business and management training by the end of the year from the Gordon Institute of Business Science (Gibs), in Illovo, Johannesburg. The project, which is funded by Goldman-Sachs and managed and... 

Pumps supplied to oil refinery

By: Anine Kilian     6th September 2013 Four Sundyne LMV311 feed-pump skids, with spare parts, were delivered to South African energy and chemicals producer Sasol’s Secunda complex last month by manufacturer of centrifugal pumps and compressors for the oil, gas, petrochemicals, chemicals, power generation and water processing... 

Company reaches milestone with triethyl aluminium

6th September 2013 Producers of surfactants, surfactant intermediates, high-purity alumina and related specialty products Sasol Olefins & Surfactants (O&S) announced in July that it has reached an important milestone in the expansion of its capabilities with the production of its new ALCAT TEAL highly purified... 

Local safety products provided for international oil refineries

By: Anine Kilian     6th September 2013 Several South African and international refineries have been supplied by gratings, stair treads, pressed floors and safety handrails manufacturer Vital Engineering recently. The company supplies liquid natural gas (LNG) producer Qatargas, LNG producer Oman LNG, South African oil and... 

Busa calls for carbon-tax delay, seeks regulatory impact assessment 

By: Terence Creamer     2nd September 2013 Business Unity South African (Busa) has added its voice to the chorus of opposition to the South African government’s proposal to introduce a carbon tax from January 1, 2015. The National Treasury is in the process of shifting through a number of comments, including Busa’s, to a policy paper... 

Sasol exits Iran as it finds buyer for Arya stake

By: Creamer Media Reporter      19th August 2013 Petrochemicals giant Sasol has completed its exit from Iran, announcing on Monday that it had found a buyer for its Arya polymer business, which it flagged for divestment in 2011. The Johannesburg-based group sold its 50% stake in the Arya Sasol Polymer Company – a joint venture with Pars... 

SA vitreous enamel steel cladding panels used internationally

By: Ilan Solomons     16th August 2013 South African-based vitreous enamel-product manufacturer Vitrex is supplying projects in the Sultanate of Oman, in Asia, and in the UK, with its Vitraclad panels. The company’s most recent local project was in April 2012, when it supplied Vitraclad vitreous enamel steel cladding panels for the... 

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