The Latest Breaking News from Sasol

The giant Secunda complex of Sasol, South Africa’s biggest chemicals and energy company, provides the fundamental ingredients to South Africa’s petrochemical sector. It produces petrochemicals, plastics, chemicals essential to key industries such as agriculture (fertilisers) and mining (explosives), and 30% of the country’s liquid fuels. These value chains are very…

South Africa is immersed in a “just energy transition” from a fossil fuel-based energy system to a cleaner, low-carbon energy system. This new system will be based primarily on renewable energy, such as solar, wind and green hydrogen.

Hydrogen is used mainly to make chemicals such as fertiliser, and in oil refineries. Most hydrogen in the world today is made from natural gas or coal – methods associated with large carbon dioxide emissions. Developed countries are therefore looking to “green hydrogen” instead – produced using renewable electricity such…

While South Africa has been preoccupied with rolling electricity blackouts, security of liquid fuels supply has been overlooked even though – by my calculations – by value of sales it is 60% larger than electricity sales.

Growing concerns over the 40-year high inflation and limited progress related to the Russia-Ukraine peace talks have been driving immense market volatility. So, it could be wise to bet on large-cap stocks Canadian Natural Resources (CNQ), Tenaris (TS), Sasol (SSL), First Quantum (FQVLF), and Occidental Petroleum (OXY) for generating stable…