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South Africa's Sasol said on Wednesday its board agreed to a 20% cut in the fees proposed for approval at its 2020 annual general meeting due to erosion of shareholder value over the past two years...
Financially and environmentally beleaguered energy and chemicals group Sasol is working to reset its business for a low-carbon world. Engineering News Editor Terence Creamer unpacks the emerging...
Nongovernmental organisation Just Share, supported by shareholder activist organisations ShareAction (UK), Majority Action (USA), Follow This (Netherlands) and the Australasian Centre for Corporate...
Africa-focussed fuel retailer Vivo Energy said on Friday volume improved in the third quarter from the second as COVID-19 restrictions eased and it would pay a previously withdrawn 2019 final...
For many years, the benefits of liquefied petroleum gas (LPG) for South Africa “have been largely, frustratingly, moot”, according to a statement from industry association LPG South Africa (LPGSA)....
Sasol got a R8.1-billion profit boost last year thanks to the country’s fuel subsidies and its exemption from a South African carbon tax, according to the International Institute for Sustainable...
The price of fuel will decrease this week, with diesel and paraffin users set to benefit the most, the mineral resources and energy department said on Sunday. As of midnight on Tuesday, the price...
It is expected that the Covid-19 pandemic will continue to negatively affect liquid fuels demand in the short term, but whether this represents a long-term structural shift is not yet clear, says...
Heavy equipment lifting and transporting company Mammoet recently began demobilising equipment it had deployed at the Dangote Petroleum Refinery and Petrochemical complex in Lekki Free Zone, in...
Fire-suppression systems developer FireDos launched the third generation (Gen III) of its foam proportioners for fire extinguishing systems globally at the end of last year. The technology has...
On a peninsula east of Lagos, 30 000 workers are employed on a project that holds out the promise of transforming Nigeria’s economic fortunes. It’s here that Aliko Dangote, Africa’s richest man,...
Statistics South Africa, a governmental organisation, reported on Wednesday a spike of 3.2% in the consumer price index, which was higher than June’s 2.2%. The increase in CPI, a financial...
The process of merging the State-owned entities of PetroSA, Igas and the Strategic Fuel Fund (SFF) into an “integrated national petroleum company” will formally begin on September 1, with six...
Debt-laden chemicals and energy group Sasol confirmed on Monday that it was preparing to execute a rights issue during the second half of its 2021 financial year, despite reporting that it was on...
South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak. The world's...
The Automobile Association says fuel prices are set to increase in August despite the strengthening rand. The association was commenting on unaudited month-end fuel price data released by the...
Chemicals and energy group Sasol has developed a list of ten major assets that will be prioritised for sale in the coming weeks and months as it moves to streamline the business into what is being...
Petrochemicals company Astron Energy has confirmed that two people were killed and seven injured in a fire at its 100 000 bbl/d Milnerton refinery, in the Western Cape, in the early hours of July...
The retail price of petrol in South Africa will increase by up to R1.72 (10 US cents) a litre from Wednesday while the wholesale price of diesel will rise by as much as R1.73, the department of...
The Automobile Association is projecting that South African motorists will pay about R1.73 more for a litre petrol, and R1.74/l more for diesel, from next week when fuel prices for July come into...
Women-owned biodiesel distributor EcoDiesel believes that the solution to South Africa’s current need for an alternative energy source that is efficient, recycles waste and takes care of the...
South Africa's Sasol plans to cut jobs and end West African oil operations as part of a business revamp, the petrochemicals producer said on Thursday, adding it had also agreed a deal with lenders...
Mineral Resources and Energy Minister Gwede Mantashe has welcomed the recent appointments of a number of women to senior executive positions in the energy sector. According to the Department of...
The fall in the petrol price of recent months is set to come to an end in June, according to the latest projections released by the Automobile Association on Friday. The Association said in a...
Petrochemicals and chemicals manufacturer Sasol reports that it has opened entries for small, medium-sized and microenterprises (SMMEs) in the manufacturing, engineering services and recyclables...
Chemicals and energy group Sasol has dismissed reports that it plans to sell its fuel retail business as part of an ongoing asset disposal process, while the State-owned Central Energy Fund (CEF)...
The State-owned Central Energy Fund (CEF) is considering buying assets that have been put on the block by fuel and chemical maker Sasol as it seeks to restore itself to profitability. The CEF...
Having not had permanent CEOs since 2014, the Central Energy Fund (CEF) has now filled the position of group CEO, as well as all vacant CEO positions at its group companies, in particular at the...
The oil and gas industry is experiencing a “truly historic moment”, with prices having dropped below zero for a barrel of oil and liquefied natural gas (LNG) shipments likely to be halted in the...
Pan-African fuel and lubricant retailer and distributor Vivo Energy has reported a first-quarter gross profit of $179-million, up 6% from the first quarter of 2019, with a strong available...
With the significant drop in fuel use seen during April’s lockdown, government’s revenue from the general fuel levy (GFL), which comprises about 25% of every litre of fuel, is set to suffer a major...
Embattled chemicals and energy group Sasol reports that South Africa’s lockdown is having a significant impact on fuel demand, as well as demand for chemicals used in the mining and construction...
Stainless steel vessels and tanks supplier Metal Tank Industries has noted a definite market upswing in the past eight months, particularly in the food and beverage sector, as well as in the...
The Sapref refinery, a joint venture between Shell South Africa Refining and BP Southern Africa, has heeded the call for corporates to donate their personal protective equipment (PPE) stock to the...
The Independent Commodity Intelligence Service (ICIS) has warned the international chemical sector to prepare for an extended downturn along with lower-for-longer oil prices, both of which will...
The South African Petroleum Industry Association (Sapia) has confirmed that the production and distribution of petroleum products is continuing during the 21-day national lockdown, as the liquid...
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