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

Pivot Point — Dr Nishal Khusial on AI in SA

Dr Nishal Khusial explores the rise of AI in South Africa and the launch of the School of AI Africa. We explore what this technological shift means for jobs, digital security, and business transformation.
17 Apr 5AM 19 min

SA–US Relations: Reset, Risk or Realignment?

Professor Patrick Bond unpacks the latest diplomatic shifts between South Africa and the United States — from new ambassadorial appointments to tariff investigations and geopolitical tensions.
17 Apr 5AM 20 min

Financial Rules Before You Say “I Do”

BDO Wealth Financial planner Shaun Chennells explains why financial alignment is crucial before marriage. From antenuptial contracts to shared goals, debt transparency and long‑term planning
17 Apr 5AM 15 min

New Car Sales Surge Despite Fuel Price Pain

South Africans are buying cars at the fastest pace in a decade — even as fuel prices soar. BrandMapp’s Brandon de Kock explains the behavioural trends behind the surge and why Millennials are driving demand
15 Apr 5PM 12 min