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/ 29 October 2007
As gold and platinum prices climbed on a weaker dollar, the JSE’s gold mining index and resources continued to lift the all-share index on Monday. By noon, the JSE’s all-share index was up 1,25% as the gold mining index progressed 2,1%. Resources rose 1,93% and the platinum mining index picked up 1,86%.
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/ 26 October 2007
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Young and old braved the cold and rainy weather in Johannesburg on Friday to gather singing and screaming outside Sasol’s head office in Rosebank to cheer the World Cup-winning Springboks on their victory parade. Hundreds of fans waited patiently in the rain for a glimpse of the Webb Ellis trophy.
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/ 25 October 2007
A 12-day-long strike at Sasol Mining in Secunda has come to an end with both Sasol and employees represented by the newly recognised United People’s Union of South Africa trade union agreeing that work would resume on Thursday afternoon. An estimated 2 000 employees embarked on the strike almost two weeks ago.
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/ 17 October 2007
A strike by 2 000 workers at Sasol, the world’s biggest maker of fuel from coal, entered its fourth day on Wednesday, reducing coal output at its mines, but fuel production was unaffected. The workers, a third of the workforce at the mines, downed their tools on Friday at the five coal mines in Secunda.
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/ 15 October 2007
About a third of the workforce at Sasol Mining near Secunda have begun a protected strike over wage increases, Sasol said on Monday. Sasol spokesperson Johann van Rheede said workers downed tools at Sasol’s five mines in Mpumalanga last Friday, continuing on Monday. The workers are members of the United People’s Union of South Africa.
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/ 10 October 2007
Sasol and a conservation group clashed on Wednesday, with the petrochemical giant denying building in an environmentally sensitive area without permission. Environment and Conservation Association chairperson Nicole Barlow accused Sasol of erecting luxury offices, without authorisation, along the Natalspruit River in Germiston on Gauteng’s East Rand.
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/ 18 September 2007
The Department of Trade and Industry (DTI) on Tuesday reiterated that it was "not at odds" with petrochemical giant Sasol over its proposed R7-billion employment share-ownership scheme. "Media reports about the Sasol … black economic empowerment [BEE] deal would seem to indicate that there is some confusion about the department’s position," the DTI said in a statement.
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/ 12 September 2007
Petrochemical giant Sasol’s announcement that it plans to transfer 10% of its issued share capital, worth close on R18-billion, into black hands has inspired mixed messages from trade unions. The Chemical, Energy, Paper, Printing, Wood and Allied Workers’ Union on Tuesday "cautiously welcomed" the news.
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/ 10 September 2007
Sasol, the world’s top maker of oil from coal, posted a 10% rise in annual headline earnings per share, lifted by an increase in the price of oil and weakening of the rand, it said on Monday. In the biggest affirmative action deal in South Africa yet, South Africa’s Sasol said will sell a 10% stake for a total of R17,9-billion.