Sasol Limited is an international integrated chemicals and energy company listed on the Johannesburg Stock Exchange (JSE) that leverages technologies and expertise of its people to develop and build world-scale facilities to produce a range of high-value product stream, including liquid fuels, chemicals and low-carbon electricity.
Whilst the Sasol share price (JSE: SOL, NYSE: SSL) has been coming under some bearish pressure in recent times, the stock remains one of South Africa’s blue chip companies, and a reliable dividend payer.
Who Are Sasol Limited
Sasol recognises the growing need for countries to secure supply of energy and chemicals and is actively capitalising on the growth opportunities in Southern Africa and North America.
Sasol limited is listed on the JSE in South Africa under ticker SOL, and on the New York Stock Exchange in the United States on ticker SSL. Its investors consist of equity investors and lenders or debt investors like banks and institutional investors lending to Sasol or investing in its issues of debt instruments.
The history of Sasol Limited can be traced back to 1950 when it was established in South Africa.
Today, Sasol Limited has a diversified portfolio of products and services in more sectors of the Basic Materials value chain and renders the following services: automotive lubricants, greases, cleansers, fuels, polymers, and specialty gases. In addition to securing coal feedstock for the Southern African value chain, mainly for gasification, but also to generate electricity and steam, the company also develops and manages oil and gas exploration and production in Mozambique, South Africa, Canada, and Gabon. Sasol sells and markets pipeline gas, electricity, and commodity chemicals.
Sasol Shares – Recent Performance & Data
Sasol Limited, a South African petrochemicals company, has faced financial challenges recently. For the fiscal year ending June 30, 2024, the company reported a 66% decline in full-year profit, primarily due to weaker chemical prices, leading to a basic loss per share of 69.94 rand, compared to earnings of 14 rand per share the previous year.
This downturn was exacerbated by a $3 billion writedown in the value of its chemicals and fuel assets, with significant impairments in its American chemicals unit. Consequently, Sasol decided to skip the final dividend for the year.
Sasol Stock Chart – 5 Year
Despite these setbacks, Sasol remains a key player in the global chemicals and energy sectors. The company specializes in producing liquid fuels, chemicals, and low-carbon electricity, leveraging its proprietary technologies and extensive expertise.
Operating in 22 countries, Sasol continues to focus on integrating sophisticated technologies and processes into world-scale facilities, aiming to create value for its stakeholders.
Sasol, The Essentials
Sasol Limited’s equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol SOL.
Sasol Limited has its headquarters at Sasol Place, 50 Katherine Street, Sandton, Johannesburg, 2196, South Africa.
Sasol Limited has more than 25,000 employees and currently serves clients and operates in 22 countries, including countries in Southern Africa, United States and Eurasia.
The current CEO of Sasol Limited is Simon Baloyi, having taken the reins in Q2 of 2024. Sasol Limited forms part of the Chemicals Industry and the Basic Materials Sector of the Johannesburg Stock Exchange (JSE).
How to buy Sasol Shares – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade Sasol Limited stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “SOL”.
- Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
- Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- You are now ready to make your first share purchase through the broker.
- You can further start to build and diversify your portfolio by buying more shares.
