That doesn't necessarily mean, though, that there is enough demand such that it needs to run all its facilities at full capacity. The only revision to the schedule is the Guerbet Unit which will now be on stream in February 2020. © 2020 (1.0.20202.2) 24.com. Eskom to cancel R14 billion contract after probe findingsCraft beer makers brew fresh ideas to fight the impact of the alcohol banPossible second virus wave will cause further economic pain for SA, warns OECDMboweni to ask Parliament for extension on Covid-19 tax relief measuresHarare streets nearly deserted as police crack down on calls for shutdownIsaah Mhlanga | Why should losses be socialised and gains privatised?Fugitive Bobroff attorneys' ex-secretary jailed on multiple charges of fraud and theftPiet Mouton: I speak up because we are not treated equally under this lockdown'Mobilising' SAA funding doesn't mean money is there yet - nor that the playing field is evenSA's deep recession is dragging down neighbouring states To see how, and to learn how to control cookies, Cumulative Growth of a $10,000 Investment in Stock AdvisorShares of Sasol Surge as South Africa Eases Lockdown Restrictions @themotleyfool #stocks $SSL 29, 2020, 09:28 AM (RTTNews) - Sasol (SSL) announced Wednesday that its subsidiary Sasol South Africa Limited or SSA has signed an exclusive negotiation agreement with … Sasol’s performance has been anything but orderly.It has a debt burden of more than R120 billion. WATCH | Australia to force Facebook, Google to pay for news A snapshot of the biggest breaking business stories, market indicators, access to portfolios, and more, by Fin24 deputy editor, Jan Cronje. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Sorry, no headlines or news topics were found. … It’s surely the JSE’s obligation to ensure an orderly market. At its interim results, it indicated that it was about 25% of the way towards that goal. While no facility is ever able to run at 100% all the time, the closer to full capacity, the better.This is good news for Sasol as it allows them the flexibility to run facilities at 100%. cookies to improve your experience and customise advertising. Sasol said Air Liquide’s expertise would drive a reduction in greenhouse gas emissions. Investors are concerned that Sasol may contravene its loan agreements with banks following the oil crash.Some of Sasol's loan conditions (so-called debt covenants) require that its debt-to-profit levels remain above a certain level.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.South Africa's response to the coronavirus pandemic and global demand for petroleum products has hit Sasol's business hard. See you at the top! Johannesburg, South Africa – Sasol has today updated its guidance for LCCP following a review process to assess the project costs and schedule.LCCP’s schedule remains on track with the Ethylene Glycol/Ethylene Oxide Unit due to achieve beneficial operation within days. The facilities can process 42,000 tonnes per day. This will help bring down the overall Secunda emissions.The purchaser said it was planning to reduce CO2 emissions at the site by 30-40%.The buyer already owns the 17th air separation unit at the Secunda site. Air Liquide described the facility as the world’s largest oxygen production site. This is good news for Sasol as it allows them the flexibility to run facilities at 100%. The stock had previously closed at $8.90, but opened at $8.97.
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