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

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This article first appeared on 702 : Sasol reports 15% drop in headline earnings per share


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