THE SMART NEWS SOURCE | Mar 14 2010 18:05 | LAST UPDATED Mar 14 2010 18:05 |
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Sasol first-half earnings dropSasol has reported a 51% drop in first-half earnings, hit by a strong rand and lower crude oil prices. Sasol's in the poohChemicals giant could face billion-rand damages claims, writes Lloyd Gedye. Sasol earnings down, sees weaker 2010Sasol on Monday reported a 33% drop in full-year headline earnings and said it expects earnings for the 2010 financial year to fall. OR Tambo fuel rowJet fuel suppliers to OR Tambo International, Africa’s busiest airport, played the blame game following a fuel shortage. Sasol, Engen unions declare wage disputeSasol, PetroSA and Engen trade unions have declared a dispute with their employers after wage talks broke down, Solidarity said on Friday. Sasol fine saga: What the players had to saySasol will pay more than R250-million in fines after the Competition Tribunal on Wednesday confirmed a settlement order. Tribunal confirms R251-million fine for SasolSasol on Wednesday said the Competition Tribunal had confirmed a R251-million settlement agreement relating to transgressions of competition law. Competition Commission increases Sasol's fineSasol's fine for anti-competitive conduct in the fertiliser industry has been increased, the Competition Commission said on Tuesday. SA petrol supply to be tight after fireSasol, the country's biggest fuel supplier, said on Thursday petrol supply in the country would be tight following the closure of a blending station. Sasol lifts earnings, says it will weather stormSasol's headline earnings per share rose by 51% to R21,92 for the six months to end December 2008, the petrochemicals group said on Monday. Pricing Sasol's mea culpaAlleged cartel behaviour by the fertiliser industry could open the way for civil lawsuits against large industry players such as Sasol. Belle of the ballAfrican Woman Footballer of the Year Nonku Alice Motlau shows that talent and modesty don't always go hand in hand. Sasol's vision for the futureFinalist -- Investing in the Future Corporate Award: Sasol. SA probes possible gas, petroleum price-fixingSA's competition authority said it would probe gas and petroleum companies, including Sasol, for their possible role in price-fixing. Sasol eyes $10bn investment in IndonesiaSasol plans to invest $10-billion by 2015 to develop coal liquefaction plants in Indonesia, it was reported on Friday. IDC, Sasol coal-to-liquid plant to cost $12,5-billionThe IDC said on Tuesday the pre-feasibility study for a R129-billion coal-to-liquid plant it was conducting with Sasol was due in March 2009. Sasol, Petronas explore hydrocarbons in MozambiqueSasol started drilling for hydrocarbons in blocks 16 and 19 offshore Mozambique in partnership with Malaysia's Petronas earlier this month. Sasol signals intention to appeal fineSasol on Friday accepted accountability for anti-competitive behaviour that led to an approximately R3-billion fine, but said it intends appealing. Sasol fined in crackdown on illegal cartelSasol was among nine companies fined a total of €676-million by the European Commission for forming a "paraffin mafia" to fix prices. Conflict managementIt was one of Hixonia Nyasulu's past BEE-related investments that got the Sasol board in hot water, hours after announcing her as its chosen leader. |
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