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Sasol enhances FY22 oil hedging programme

By: Marleny Arnoldi 9th June 2021 JSE-listed petrochemicals giant Sasol says its oil hedge restructuring is progressing well. The company says it has made significant progress in deleveraging its balance sheet following a strong operating performance in a more supportive macroeconomic environment, continuing cash conservation... →

Commission recommends approval of Air Liquide’s proposed acquisition of Sasol ASUs

By: Simone Liedtke 31st May 2021 The Competition Commission has recommended that the Competition Tribunal approve, with conditions, industrial gases company Air Liquide’s proposed acquisition of the business owning and operating 16 of petrochemicals group Sasol’s air separation units (ASUs). The target assets are 16 ASUs based... →

Patel unpacks employee share ownership schemes progress

By: Marleny Arnoldi 30th April 2021 Trade, Industry and Competition Minister Ebrahim Patel is drafting guidelines on employee ownership and other broad-based ownership schemes. He intends to publish, in the coming week, a practice note dealing with some clarifications around community trusts and individual ownership schemes. →

First ever Shanghai Platinum Week to be held next month

By: Simone Liedtke 30th April 2021 To develop a stronger domestic platinum-group metals (PGMs) market and to improve domestic and international communication and cooperation, the Precious Metal Industrial Committee at the China Material Recycle Association (PMIC), the Platinum Committee at China Gold Association (PDCGA) and the... →

Future of oil refining in South Africa highly uncertain

By: Terence Creamer 30th April 2021 South Africa’s oil refinery sector is expected to undergo significant changes in the coming five years, with Engen having already indicated that it will repurpose its refinery site in Durban as a fuel importation terminal and with global and domestic shifts likely to place significant pressure on... →

Sasol expects to narrow full-year headline loss

By: Marleny Arnoldi 29th April 2021 Petrochemicals giant Sasol says it expects to report at least a 20% year-on-year improvement in headline earnings a share for the financial year ending June 30. It had posted a headline loss a share of R11.79 for the year ended June 30, 2020. →

Structa Konsult

2nd April 2021 Structa Konsult is a consulting eng-ineering company specialising in the evaluation, design and certification of a range of industrial and civil structures. Established in 2014, Structa Konsult is a 100% subsidiary of the Structa Group and provides support to the group’s growing range of products. →

Tools suitable in many industries

2nd April 2021 Tools and equipment distributor BMG’s versatile Slogging Hammers and Wheel Sloggers are used in many industries to loosen and tighten bolts and nuts quickly and easily. “The Slogging Hammer and Wheel Slogger tools – which form part of BMG’s extensive range of tools and equipment – ensure highly... →

Bearing isolators faring well in bearings sector

6th November 2020 Bearings distributor BMG tells Engineering News that its Garlock Klozure and Guardian Bearing Isolators have fared notably well subsequent to being introduction to the BMG range of isolators. A bearing isolator is an advanced sealing solution that is used to protect bearings on rotating equipment... →

KZN govt reaches out to Engen amid its oil refinery considerations

By: Marleny Arnoldi 9th October 2020 KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Nomusa Dube-Ncube has tasked the Trade & Investment Council KwaZulu-Natal (TIKZN) to look into the matter of the Engen Oil Refinery potentially closing its doors in a few years’ time. Engen confirms in a statement that it... →

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