Sasol reports 15% drop in headline earnings per share

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

Click here (then “like” the page) to follow Bruce on Facebook.

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.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
[LISTEN] 10X  defends its cheeky investment ad

[LISTEN] 10X defends its cheeky investment ad

The Advertising Regulatory Board (ARB) has ordered the investment group to withdraw an ad that "disparages" its competitors.

Tourism Business Council working with ministry to tackle tourist safety

Tourism Business Council working with ministry to tackle tourist safety

CEO at the Tourism Business Council of SA Tshifhiwa Tshivhengwa says they are looking to find a lasting solution.

'We're not immune to challenges in the economy so we also salvage from our side'

'We're not immune to challenges in the economy so we also salvage from our side'

CEO at Curro Holdings Andries Greyling explains how the company has manged to sustain good growth.

[LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape

[LISTEN] Mcebisi Jonas gives his take on SA's economic and political landscape

The former deputy finance minister details some of the contents of his book 'After Dawn: Hope after state capture'.

Doomsday weapons, a deterrent or a real threat?

Doomsday weapons, a deterrent or a real threat?

The World is both safer and more dangerous than it has ever been and these weapons could end human life on the planet.

[LISTEN] The myths around barriers to doing business in Francophone Africa

[LISTEN] The myths around barriers to doing business in Francophone Africa

Bruce Whitfield speaks to director at Africa House Paul Runge.

Popular articles
Impact of new debt-relief bill will be 'severe'

Impact of new debt-relief bill will be 'severe'

The National Credit Amendment Bill aims to help indebted consumers earning less that R7,500 per month, restructure their debt.

Red flags to look out for when entering a new relationship

Red flags to look out for when entering a new relationship

Clinical sexologist Dr Eve says more research is coming out to show that men who abuse women are more likely to be narcissists.

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

'The comedy of errors shows Mkhwebane serving Absa a subpoena intended for FNB'

Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.

SA announces visa waivers for four counties

SA announces visa waivers for four counties

Home Affairs Minister Aaron Motsoaledi says Qatar has also relaxed entry requirements for SA citizens.

Senzo Mchunu on mission to fill public service vacancies

Senzo Mchunu on mission to fill public service vacancies

A staggering 123,843 posts are available in the national and provincial departments.

Buying for investment purposes may be nub of problem suggests property economist

Buying for investment purposes may be nub of problem suggests property economist

Property economist Francois Virul explains the changes in property prices over the past few years.