by Gerhard Engelbrecht | Sep 10, 2020 | Chemicals
Fuel taxes and duties: Government imposes a levy as well as an excise duty on liquid fuel sales in South Africa. Fuel levies have been adjusted each year, but the excise levy has been constant for many years. Government revenues from these...
by Gerhard Engelbrecht | Sep 3, 2020 | Chemicals
Sasol’s spot earnings continue to decline are oil prices and refining margins decline. Diesel cracks in particular are sharply lower this week. FY21 spot earnings are at R4.19/share. At spot prices the LCCP loses around R4.01/share.Refining margins...
by Gerhard Engelbrecht | Sep 3, 2020 | Chemicals
Monopoly gas supplier: Sasol is the main supplier of natural gas in the South African market and sells natural gas produced at the Mozambican gas fields, as well as methane rich gas produced at the Synfuels facility to customers in South Africa and Mozambique.New...
by Gerhard Engelbrecht | Aug 28, 2020 | Chemicals
We highlight the following: The Lake Charles television channel (KPLCTV) is expecting Laura to be a more severe hurricane than hurricanes Rita and Ike that created significant damage in the area in 2005 and 2008 respectively. At this point the hurricane is seen...
by Gerhard Engelbrecht | Aug 28, 2020 | Chemicals
Sasol’s spot earnings are sharply lower this week, mostly as a result of downgrades due to weak volume guidance for the North American chemicals businesses in particular. FY21 spot HEPS are at R5.28 and we expect a loss of R6.67 at the LCCP.Refining margins...
by Gerhard Engelbrecht | Aug 21, 2020 | Chemicals
Larger than expected rights issue? Sasol ended FY20 with $10.2bn of net debt. If the business is targeting debt reduction of $6bn to $4bn an additional $6bn of cash is required. After $1bn of cash savings and asset sales of $3bn a further $2bn...
