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Chemicals

Sasol's joint CEOs to step down following US project glitch

By: Reuters     28th October 2019 South African petrochemicals group Sasol said on Monday its joint chief executives, Bongani Nqwababa and Stephen Cornell, will step down following a review of its Lake Charles Chemicals project (LCCP), which has been hit by delays and rising costs. Sasol said both CEOs, who have not been found to... 

Clariant’s new centre of excellence to serve growing African mining industry  

24th October 2019 Specialty chemicals company Clariant has launched a new centre of excellence in Johannesburg, in South Africa, with this aimed at supporting the growing African mining industry.  

Clariant’s new centre of excellence to serve growing African mining industry
Clariant’s new centre of excellence to serve growing African mining industry

Giflo Medical invests R130m in upgrading two healthcare facilities

By: Tasneem Bulbulia     22nd October 2019 Commercial and medical property developer Giflo Medical is investing R130-million in expanding and upgrading two adjacent medical facilities – the Cormed private hospital and the Envision Centre for Sight – located within an established medical precinct in Vanderbijlpark, Gauteng. Both serve the... 

Renergen completes commissioning of second CNG filling station 

By: Simone Liedtke     21st October 2019 Emerging natural gas and helium producer Renergen has completed the commissioning of its second compressed natural gas (CNG) filling station, in Johannesburg. The filling station will begin supplying CNG to Black Knight Logistics for a fleet of about 15 trucks, starting this month. 

Renergen completes commissioning of second CNG filling station
Renergen's second compressed natural gas filling station, in Johannesburg

Portfolio committee expresses concern about governance failures at Necsa 

By: Simone Liedtke     16th October 2019 The Portfolio Committee on Mineral Resources and Energy has expressed concern about the corporate governance failures at the South African Nuclear Energy Corporation (Necsa). The committee has also called on Minister Gwede Mantashe to urgently appoint a Necsa board. 

Omnia seeks to reset course as it emerges from financial distress

By: Terence Creamer     11th October 2019 JSE-listed Omnia, best known for the production of fertilisers, explosives and specialty chemicals, expects a strategic review of the business to be completed during the first quarter of 2020. The outcome of the review could result in the sale of certain product lines or units, as well as the... 

Omnia seeks to reset course as it emerges from financial distress
Omnia CEO Seelan Gobalsamy

Go Life makes board, management changes, refocuses business strategy

By: Tasneem Bulbulia     9th October 2019 Go Life International has made changes to its board, restructured its management team and refocused its business strategy. Gerhard Naude has stepped down as group CEO, effective October 10, and will now serve on the company’s board as key group adviser. He will also chair the board’s strategic... 

Sasol provides R400m in financing for first South African-owned chemical tanker

By: Shirley le Guern     9th October 2019 Integrated chemicals and energy company Sasol has provided R400-million to finance the acquisition of the first South African-owned chemical tanker, the Bow Cecil, by empowered entity, Nduna Maritime. Speaking after the 37 000 dwt vessel, which is equipped with 47 tanks, docked in Durban harbour... 

Sasol provides R400m in financing for first South African-owned chemical tanker
The Bow Cecil tanker

S Africa legislation bans liquid waste from landfills

27th September 2019 A massive shift in South African waste legislation took place when, effective August 23, local legislation banned all liquid waste from landfills. 

Uganda signs nuclear agreement with Russia

By: Rebecca Campbell     18th September 2019 Uganda and Russia have signed an intergovernmental agreement to cooperate in the peaceful use of nuclear energy. The agreement was signed on the sidelines of the 63rd General Conference of the International Atomic Energy Agency, in Vienna, Austria, on Tuesday. The document establishes the basis... 

Sasol is said to plan sale of its South African coal mining unit

By: Bloomberg     18th September 2019 Sasol is planning to sell its South African coal-mining business, according to people familiar with the matter. The company will begin a formal sales process in the coming weeks, said the people, who asked not to be identified as the information isn’t public yet. The mining business had turnover... 

Sasol is said to plan sale of its South African coal mining unit

Labat Africa expands footprint with Lesotho cannabis licence purchase

By: Tasneem Bulbulia     16th September 2019 Empowered JSE-listed investment holding company Labat Africa has acquired a 70% interest in the Zarenka Group for R57.5-million in shares. Zarenka has an interest in six cannabis licenses in Lesotho, which allows it to cultivate, harvest, manufacture, distribute, import and export cannabis for... 

Aspen posts FY earnings decline, pays no dividend

By: Reuters     12th September 2019 South African drugmaker Aspen Pharmacare Holdings said on Wednesday full-year core normalised earnings fell by 4% due to a lower contribution from its manufacturing business and it will not pay a dividend this year. Normalised earnings before interest, tax, depreciation and amortisation (Ebitda)... 

Company committed to youth empowerment

6th September 2019 Young chemical engineer Nokubonga Ngqulunga is one of many whose horizons have broadened thanks to oil company Engen. 

Company committed to youth empowerment
NOKUBONGA NGQULUNGA Anything and everything is possible if you put in the hard work and believe in yourself

Foundation celebrates 25 years of success in used oil recycling

6th September 2019 More than 1.5-billion litres of hazardous used motor oil has been kept out of the environment. 

Foundation celebrates  25 years of success in  used oil recycling
COLLABORATION It is imperative that ROSE works alongside government to ensure we help shape legislation which will benefit all stakeholders in the oil industry

IMO regulation a hurdle for local oil refineries

By: Mamaili Mamaila     6th September 2019 The International Maritime Organisation (IMO) 2020 regulation has prescribed for a large reduction in the maximum sulphur content of bunker fuels which presents a challenge for South African oil refineries. 

IMO regulation a hurdle for local oil refineries
ENVIRONMENTAL COMPLIANCE Oil refineries have to comply with the minimum emission standards as stipulated in the national Air Quality Act

Aspen lowers debt, shares jump

By: Reuters     3rd September 2019 Aspen Pharmacare Holdings said on Tuesday its debt as of June 30 had fallen below R40-billion and that its debt levels were safely below a covenant threshold, sending shares in the South African drugmaker up more than 9%. That was down from R53.5-billion on December 31. 

Sasol investors suggest co-CEO Cornell leave after Lake Charles costs surge 

By: Bloomberg     30th August 2019 Sasol has been asked by some of the country’s biggest fund managers to consider executive changes including ousting Stephen Cornell, one of two CEOs, over cost overruns at a flagship project, according to people familiar with the matter. The money managers began meeting with Sasol’s board and... 

Sasol investors suggest co-CEO Cornell leave after Lake Charles costs surge
Photo by Bloomberg
Sasol co-CEOs Stephen Cornell and Bongani Nqwababa

From healthcare to energy, gases play critical role in SA economy

By: Rebecca Campbell     30th August 2019 A gas can be defined as “a form of matter, in which the molecules move randomly in otherwise empty space, filling any size or shape of container into which the gas is put,” (The Hutchinson Dictionary of Science, 2nd edition) or as a “fluid that expands to fill any container, however large,... 

From healthcare to energy, gases play critical role in SA economy

Local company acquires chemical tanker vessel

By: Simone Liedtke     29th August 2019 Black-owned Mnambithi Group, through its Nduna Maritime subsidiary, has acquired a South African-registered chemical tanker vessel, named Bow Cecil. The maritime vessel will soon be flagged locally, Mnambithi said in a statement on Thursday. 

Local company acquires chemical tanker vessel
The Bow Cecil

Shumba, CoPet establish joint venture

By: Simone Liedtke     29th August 2019 Energy development company Shumba Energy has concluded a joint venture (JV) partnership, which has resulted in it holding an 80% interest in energy company Coal Petroleum (CoPet). Based in Botswana, CoPet is developing a commercial-scale liquid fuels production facility, called Project Tsosoloso,... 

Sasol's Louisiana ethane cracker reaches beneficial operation

By: Creamer Media Reporter      28th August 2019 Chemicals and petrochemicals group Sasol says its world-scale ethane cracker – the heart of its Lake Charles Chemicals Project (LCCP), in Louisiana, in the US – has reached beneficial operation. The ethane cracker is the third and most significant of the seven LCCP facilities to come on line and... 

Adcock Ingram posts higher FY profit, unloads Ghana investment

By: Reuters     28th August 2019 Pharmaceutical firm Adcock Ingram Holdings Ltd said on Wednesday full-year earnings rose 10.6% and that it disposed of its investment in Ghana. Headline earnings per share from continuing operations for the year ended June 30 rose to 421.7 cents from a restated 381.3 cents in the previous year. 

CSIR engaged in genetics research to increase medication effectiveness in Africa 

By: Rebecca Campbell     27th August 2019 South Africa's Council for Scientific and Industrial Research (CSIR) is taking a leading role in using genetic science and technology to address important health issues in Africa. This was shown by CSIR Bioengineering and Integrated Genomics Group researcher Dimakatso Gumede at a media briefing... 

CSIR engaged in genetics research to increase medication effectiveness in Africa
Photo by Creamer Media's Rebecca Campbell
CSIR Bioengineering and Integrated Genomics Group researcher Dimakatso Gumede

Sasol lowers LCCP Ebitda guidance, but says no further increases in capital cost

By: Marleny Arnoldi     26th August 2019 JSE- and NYSE-listed petrochemicals giant Sasol has resolved an issue related to a large heat exchanger on its ethane cracker at the Lake Charles Chemicals Project, in Louisiana, in the US. On August 16, Sasol announced that the problem had interrupted the ethane cracker operation for several... 

Pratley looking to grow exports into rest of Africa

By: Schalk Burger     23rd August 2019 Industrial products and adhesives manufacturer Pratley has realised sustained demand for its products during difficult economic times and is exploring growing its exports, says Pratley manager Andrew Pratley. “We have our eyes set on expanding our export markets even further, specifically in... 

Pratley looking to grow exports into rest of Africa
ANDREW PRATLEY The company’s focus will be on research and development and exploring new markets

Omnia appoints Seelan Gobalsamy as its new CEO

By: Simone Liedtke     22nd August 2019 JSE-listed Omnia Holdings on Thursday announced the appointment of Seelan Gobalsamy CEO, effective immediately, after Adriaan de Lange stepped down for personal reasons. Gobalsamy will also remain as CFO until a successor is appointed, while De Lange will remain available to Omnia in an advisory... 

UJ research team develops support system to predict, diagnose diseases

By: Schalk Burger     20th August 2019 The University of Johannesburg (UJ) has developed a hybrid expert system – a smart system designed to augment and improve a medical specialist’s capabilities and accuracy of diagnosis – by combining various machine learning and regression methods, UJ said on Tuesday. The research, published in... 

KAP lifts full-year revenue, but profit tracks lower

By: Schalk Burger     20th August 2019 Diversified industrial company KAP Industrial Holdings has grown its revenue for the financial year ended June 30 by 12% year-on-year to R25.6-billion, but operating profit decreased by 13% to R2.5-billion. In a SENS announcement that contained extracted financial information from the audited... 

Aspen commits to rectifying concerns over anti-competitive conduct in UK

By: Marleny Arnoldi     14th August 2019 JSE-listed Aspen Pharmacare Holdings has reached resolutions in its dealings with the UK Competition and Markets Authority (CMA) over an investigation into alleged anticompetitive conduct by Aspen. The matter relates to Aspen’s supply of Fludrocortisone acetate 0.1 mg tablets and Dexamethasone... 

Omnia prices R2bn rights offer, to publish circular at month-end

By: Marleny Arnoldi     12th August 2019 JSE-listed chemicals manufacturer Omnia Holdings on Monday announced details of its previously announced R2-billion rights offer, which it will use to reduce debt. The company said that 100-million shares would be issued at a subscription price of R20 a ordinary share – a discount of 41% on... 

Tribunal approves FFS Calpet’s acquisition of Calulo Marine

By: Marleny Arnoldi     8th August 2019 The Competition Tribunal has approved the proposed transaction whereby FFS Calpet seeks to acquire all shares of Calulo Marine from Calulo Services. FFS Calpet is jointly controlled by Calulo Petrochemicals, Bud Chemicals and Minerals and FFS Calpet Management. The firms are involved in... 

Bidvest now 50.1% shareholder of Adcock Ingram

By: Marleny Arnoldi     7th August 2019 Bidvest Group’s shareholding in Adcock Ingram Holdings has increased to 50.1%, from 43.3%, following the termination of Adcock’s broad-based black economic empowerment scheme. Bidvest had been evaluating its options with regard to its Adcock investment, including selling its interest to a new... 

Rolfes to sell Colour Pigments International subsidiary

By: Tasneem Bulbulia     5th August 2019 JSE-listed Rolfes will sell the business, stock and fixed assets of its 100%-owned Rolfes Colour Pigments International subsidiary to Chromaflo Technologies South Africa for R36.2-million before adjustments. RCPI distributes a range of organic and inorganic pigments and manufactures in-plant and... 

Sasol’s South Africa plants threatened by emission standards

By: Bloomberg     29th July 2019 Sasol said some of its South African plants are under threat from sulfur dioxide emission standards that it will need to comply with by 2025. The company, South Africa’s biggest by revenue, operates plants that convert coal into motor fuel and chemicals in Secunda, east of Johannesburg, and... 

Sasol chooses Enaex as preferred explosives partner

By: Marleny Arnoldi     25th July 2019 As part of the process of incorporating a strategic partner into its explosives and rock fragmentation division, JSE-listed petrochemicals company Sasol has selected Chile-headquartered Enaex as its preferred partner. The two companies will now negotiate the terms for potentially establishing a... 

Sasol warns of lower full-year Ebitda on the back of LCCP costs, low prices

By: Marleny Arnoldi     25th July 2019 Petrochemicals multinational Sasol on Thursday said a number of noncash adjustments had contributed to a decrease in its earnings a share for the financial year ended June 30. The company explained in a trading statement that the largest of these adjustments was the sizable impairment of... 

Sasol warns of lower full-year Ebitda on the back of LCCP costs, low prices
Sasol's Lake Charles Chemicals Project
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