http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.69Change: -0.02
R/$ = 10.96Change: 0.00
Au 1195.22 $/ozChange: -3.23
Pt 1225.00 $/ozChange: -4.50
 
 
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|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|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 Chemicals News
Petrochemicals giant Sasol’s industrial sludge bioremediation project will move into full commercial scale over the next two years to treat its 200 000 t/y of industrial sludge. The project made use of aerobic composting to convert sludges from Sasol’s Bioworks water...
Article contains comments
South Africa will know by mid-December whether it would get a new independently owned and operated liquid fuels storage and distribution facility at the Eastern Mole of the Port of Cape Town. The National Energy Regulator of South Africa (Nersa) was currently mulling...
Omnia CEO Rod Humphris
Specialised chemicals provider Omnia was expecting to see financial gains from its new underground charging unit, which enables it to take its emulsion into the underground mining space, during the next financial year, MD Rod Humphris said on Tuesday. Speaking at a...
Article contains comments
More
 
 
Latest News
The Central Energy Fund (CEF) has backtracked on its decision to appoint Tshepo Kgadima as a director and chairperson of national oil company PetroSA following the public “controversy” dogging the new appointee. Nonhlanhla Jiyane had now been appointed as interim...
South Africa’s Finance Minister Nhlanhla Nene
South Africa’s Finance Minister Nhlanhla Nene has emphasised the role of the private sector in delivering the 51 Programme for Infrastructure Development in Africa (Pida) projects, collectively valued at $68-billion, being prioritised for implementation by 2020....
This year, 82 companies met the JSE’s Socially Responsible Index (SRI) requirements relating to environmental, social and governance (ESG) policies and management practices, compared with only 72 companies in 2013, as companies become more aware of how they...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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.
 
 
 
 
 
This Week's Magazine
Updated 6 hours ago As the City of Ekurhuleni continues its bid to develop the largely industrialised metropole into the continent’s first aerotropolis, executive mayor Mondli Gungubele has committed the city to creating a predictable, stable and enabling business environment in which...
Updated 6 hours ago While Ford Motor Company of Southern Africa (FMCSA) did not have “significant issues” with power supply in Gauteng, it was a different story in the Eastern Cape, said FMCSA and American Chamber of Commerce in South Africa president Jeff Nemeth earlier this month....
Updated 6 hours ago In 2000, exports into Africa from South Africa represented less than 5% of the turnover of Federal Mogul Motorparts Africa, with sales largely centred around Zimbabwe, Zambia, Malawi and Mozambique. Today, African exports represent 30% of sales, with trade expanded...
Updated 6 hours ago The Malawi government has launched a $50-million project to upgrade the Kamuzu barrage, on the Shire river, an outlet of Lake Malawi, which is used to control the flow of water from the lake to the lower Shire area. The project will run from this year to 2017 and...
Updated 6 hours ago   Our new Technical and Vocational Education and Training (TVET) Colleges will replace the Further Education and Training (FET) Colleges which have served us for the past twenty years.  The buildings will be the same and most of the staff will be the same but as the...
 
 
 
 
 
 
 
 
 
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