http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.11
R/$ = 11.08Change: 0.00
Au 1216.40 $/ozChange: -0.63
Pt 1339.00 $/ozChange: 4.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 10, 2012

Stakeholder relations prioritised as Sasol recalibrates to post-Marikana world

Back
Sasol CEO David Constable on how Sasol plans to navigate the post-Marikan business environment. Camera Work: Duane Daws. Editing: Darlene Creamer. Recorded: 10.9.2012.
Africa|CoAL|Exploration|Gas|Lonmin|Projects|Resources|Sasol|Africa|South Africa|Marikana Mine|Chemicals|Energy|Environmental|Southern Africa
Africa|CoAL|Exploration|Projects|Resources||Africa|||Energy|Environmental|
africa-company|coal|exploration|gas-company|lonmin|projects|resources|sasol|africa|south-africa|marikana-mine|chemicals|energy|environmental|southern-africa-region
© Reuse this



JSE-listed energy and chemicals group Sasol, which is arguably South Africa’s largest fixed investor, has set the strengthening of stakeholder relationships as one of its top-five priorities for the coming year, as part of a move to deal with the risks posed by South Africa’s social problems of poverty, unemployment and inequality.

The group expects to spend about 68% of its R32-billion capital expenditure (capex) budget on projects within South Africa during 2012/13, notwithstanding its major North American expansion aspirations. In 2011/12, the group also spent the bulk of its R29.2-billion capex on developments in its home market.

CEO David Constable reports that efforts to improve its lines of communication, including with “the CEO’s office”, predate the tragic August 16 events at Lonmin’s Marikana mine, in the North West province.

Sasol met with all of its trade unions on August 14, where discussions were held on the group’s strategy and ensuring “everyone’s voice is heard”.

The issue of stakeholder engagement had also been elevated to a key priority for the group’s 2013 financial year and had been accompanied by a change to one of the group’s core company values “from customer focused to stakeholder focused”.

“There’s a lot to be done. We understand that the country is facing major socioeconomic challenges . . . and we want to work in conjunction with all parties – government and our trade union colleagues – to make sure we are very well aligned and have open lines of communication,” Constable explained.

He said the relationships with unions were “very good”, but “extra focus” is being placed on improving communication.

“Our strategy in South Africa and Southern Africa is to protect and diversify our companies in-country and in the region and that means that we will continue to investment when it makes sense,” Constable asserts.

He adds that, while there was no current environmental solution to the development of a new coal-to-liquids plant, there were still growth opportunities in South Africa, some of which could be opened by the lifting of the moratorium on shale-gas exploration.

“Hopefully in the future, possibly with the crude gas another gas-to-liquids plant could be out there as well,” he adds.

Sasol, which supported the exploration moratorium and stepped back from involvement in an earlier Karoo basin shale-gas prospect, believes that, under a sound regulatory regime, it is in South Africa’s national interest to assess its shale-gas resources.

“So we are definitely interested in looking at opportunities in the Karoo, if it can be done in an environmentally-friendly fashion.”
 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Energy News
Zukie Siyotula, Wandile Mseleku and Govert Rietema.
African investment management firm Thebe Investment Corporation has acquired a 15% stake in Burgan Cape Terminals, which was, last year, awarded a 20-year contract by Transnet National Ports Authority (TNPA) to develop and manage fuel storage and distribution...
For two years, Italy-based industrial research and development company Sunchem have been working on producing jet fuel using a tobacco crop project in Marble Hall, Limpopo, which has proved to be successful in the small-scale trials, says Sunchem SA MD Joost van...
Cape Town-based industrial boilers designer and manufacturer John Thompson developed the MicroGen watertube boiler – launched this year – to cater for increasing demand for small, medium-pressure power boilers that are particularly suited to applications in fibrous...
Article contains comments
More
 
 
Latest News
President Jacob Zuma would next month officially launch the Dube Tradeport, in Durban, as an industrial development zone (IDZ), the Department of Trade and Industry (DTI) announced on Friday. At the launch event, which was scheduled to take place on October 7, the...
JSE-listed York Timber Holdings on Friday said it expected its operating profit for the year ended June 30 to be between 25% and 30% lower than that of the prior year. As a result of the lower operating profit, combined with a 1% increase in the company’s biological...
Engineering solutions provider ELB Group has reported an 18% increase in turnover for the year, boosting overall income, from R1.9-billion in 2013, to R2.3-billion for the 12 months ended June 30. Describing this as “a satisfactory result, given the current difficult...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
MANUFACTURING CAPABILITY Reliable Transformers designs and manufactures dry-type and oil-filled power and distribution transformers up to 3.5 MVA
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
GHAREEB SAAD Kaspersky Lab products contain strong heuristics engines that monitor suspicious file execution to detect attacks
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
MICHAEL FLETCHER Real-time information available to government when citizens use publicly funded Wi-Fi networks will enable it to communicate with citizens and provide services
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks