The new CEO of Sasol, Simon Baloyi, has been in the hot seat for only one month, but it has already been a bit of a rollercoaster ride.
News of reprieve of certain emissions standards related to sulphur dioxide from Sasol operations bolstered the company share price earlier in April. But a subsequent production update reporting continued operational issues at Sasol coal mines, affecting synthetic fuels production, provoked a seemingly outsized negative response, and the share has fallen more than 12% in the past month.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.
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