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
Returns of 500% are not unheard of. Is this another crypto-like bubble? Not in the least, says Financial Advisor Warren Ingram.
The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.
Predictions, products and personalities featured in "Business Unusual" in the last three years.
The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.
The Money Show’s Bruce Whitfield interviews Mahlatsi Mahlase of the South African National Editors Forum (Sanef).
In the bonus episode of Solutionist Thinking with RMB, Bruce Whitfield speaks the founders of FirstRand, GT Ferreira, Laurie Dippenaar and Paul Harris.
Is biology putting the brakes on your sexuality? Callers share their experiences of sex and growing older.
Naked Scientist, Chris Smith shares his insights on some of the risks associated with smoking marijuana.
Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.
The Ritz Hotel is under new management and the money paid to previous management has still not been refunded.
DStv has lost about 140 000 Premium subscribers to Netflix over the past two years, tech expert Arthur Goldstuck.
What are your sexual fantasies? Disclosure can bring sexual freedom, but it can also have downsides. A study lists the top trends.