Sasol’s half-year headline profit to rise by 20+%

Loading player...
Makwe Mailela - Chief investment officer and founder at Makwe Fund Managers talks about Chemicals and energy group Sasol said on Thursday its first-half headline profit would rise by more than 20% year on year, boosted higher international oil prices and weaker rand.

But its SA operations were blighted by operational challenges in October and November ranging from coal quality to flooding that affected coal processing plants, loading-shedding as well unplanned safety stoppages.

The factors collectively affected production and sales volume performance during the second quarter of the financial year, as well the outlook for remainder of the financial year.

The impact of lower production from Secunda has a direct impact on the downstream chemicals value chains in SA.

Sasol’s force majeure on the local supply and export of certain chemicals products was largely lifted at the beginning of November with the end of the Transnet strike action in October.
1 Dec 2022 1PM English South Africa Business News · Investing

Other recent episodes

EXPLAINER - Why some sports stars are worth more than companies.

An 18-year-old footballer valued at more than R6 billion has reignited a global debate: how do we really put a price on modern sports stars? Following a new long-term contract at Barcelona, teenage sensation Lamine Yamal has been named the world’s most valuable footballer — outranking established global icons and…
15 Jan 3PM 22 min

Why central bank independence matters.

GUEST – Prof Jannie Rossouw - Honorary professor at Wits Business School and economist at Altitude Wealth Central bank independence refers to a central bank’s ability to formulate and implement monetary policy - such as setting interest rates and managing liquidity - without direct control or interference from the political…
15 Jan 3PM 19 min

South Africa at Davos 2026: The Investment Message SA Is Taking to the World.

GUEST - Neville Matjie, CEO of Brand South Africa As global leaders gather in Davos under the theme “A Spirit of Dialogue”, South Africa is stepping onto one of the world’s most influential stages to make its investment case amid heightened geopolitical tension, economic uncertainty and rapid technological change. With…
15 Jan 3PM 10 min