Sasol reported a 15% drop (to R35.15) in headline earnings per share for the year to 30 June.
The company expected the drop in earnings.
Sasol is the largest producer of motor fuel from coal in the world.
The Money Show’s Bruce Whitfield interviewed Sasol joint CEO Bongani Nqwababa.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Currency movements [rand vs dollar] had a R710 million impact on our earnings.— Bongani Nqwababa, Sasol
We’re not cutting jobs at the moment.— Bongani Nqwababa, Sasol
We have 31 000 employees of which 27 000 are in South Africa.— Bongani Nqwababa, Sasol
62% of our profits are from South Africa, but it’s likely to be 50/50 going forward.— Bongani Nqwababa, Sasol
Electric vehicles make up 0.6% of cars on the planet.— Bongani Nqwababa, Sasol
We’re diversifying to be more chemical than fuel related.— Bongani Nqwababa, Sasol
We do not agree with our assessment [by Sars].— Bongani Nqwababa, Sasol
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Advertising Regulatory Board (ARB) has ordered the investment group to withdraw an ad that "disparages" its competitors.
CEO at the Tourism Business Council of SA Tshifhiwa Tshivhengwa says they are looking to find a lasting solution.
CEO at Curro Holdings Andries Greyling explains how the company has manged to sustain good growth.
The former deputy finance minister details some of the contents of his book 'After Dawn: Hope after state capture'.
The World is both safer and more dangerous than it has ever been and these weapons could end human life on the planet.
Bruce Whitfield speaks to director at Africa House Paul Runge.
The National Credit Amendment Bill aims to help indebted consumers earning less that R7,500 per month, restructure their debt.
Clinical sexologist Dr Eve says more research is coming out to show that men who abuse women are more likely to be narcissists.
Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.
Home Affairs Minister Aaron Motsoaledi says Qatar has also relaxed entry requirements for SA citizens.
A staggering 123,843 posts are available in the national and provincial departments.
Property economist Francois Virul explains the changes in property prices over the past few years.