Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.
This week:
Sasol repositions itself for a gas-based future.
Government, business and labour will grapple with the hostile labour climate an upcoming summit.
And, Sasol expects R4-billion in restructuring savings, without ‘forced’ job cuts.
South African energy and chemicals group Sasol has “strategically repositioned” itself over the past three years to focus on gas-based opportunities in Southern Africa and North America, having moved away from coal-to-liquids opportunities in China, Indonesia, India and South Africa.
Sasol Southern African operations executive VP Bernard Klingenberg
Deputy President Cyril Ramaphosa announced recently that a National Labour Relations Indaba would be convened in November to enable the social partners to begin grappling with the root causes of South Africa’s prevailing hostile labour relations environment, which was sapping confidence and weighing on growth, employment and investment prospects.
Deputy President Cyril Ramaphosa
Sasol CEO David Constable announced at the recent results presentation that the group expected to deliver sustainable savings of more than R4-billion a year from 2016 as a result of a far-reaching business performance enhancement programme.
Sasol CEO David Constable
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