Sasol

Sasol Limited
Sasol
Company typePublic
JSE: SOL
NYSE: SSL
IndustryOil and gas
Chemical
Coal tar
PredecessorSuid-Afrikaanse Steenkool-, OLie- en Gasmaatskappy
Founded1950; 74 years ago (1950)
Headquarters
Sandton
,
South Africa
Area served
Key people
Stephen Westwell (Independent non-Executive Director and Chairman of the Board) Fleetwood Grobler (Executive Director, President and CEO)
Revenue$12.26 billion (2020)
$(7.15) billion (2020)
$(5.867) billion (2020)
Number of employees
30,100[citation needed]
Websitewww.sasol.com

Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. The company was formed in 1950 in Sasolburg, South Africa, and built on processes that German chemists and engineers first developed in the early 1900s (see coal liquefaction). Today, Sasol develops and commercializes technologies, including synthetic fuel technologies, and produces different liquid fuels, chemicals, coal tar, and electricity.[1]

Sasol headquarters in Sandton, Johannesburg, South Africa

Sasol is listed on the Johannesburg Stock Exchange (JSE: SOL) and the New York Stock Exchange (NYSE: SSL). Major shareholders include the South African Government Employees Pension Fund,[2] Industrial Development Corporation[3] of South Africa Limited (IDC), Allan Gray Investment Counsel,[4] Coronation Fund Managers, Ninety One,[5] and others.[6] Sasol employs 30,100 people worldwide and has operations in 33 countries.[7] It is the largest corporate taxpayer in South Africa and the seventh-largest coal mining company in the world.[8]

  1. ^ "Company Overview | Sasol". www.sasol.com. Archived from the original on 27 August 2017. Retrieved 31 August 2017.
  2. ^ "GEPF - Home". www.gepf.gov.za. Archived from the original on 31 August 2017. Retrieved 31 August 2017.
  3. ^ "Home - Industrial Development Corporation". www.idc.co.za. Archived from the original on 30 August 2017. Retrieved 31 August 2017.
  4. ^ "Allan Gray | Investment Company | Investment Management". www.allangray.co.za. Archived from the original on 8 October 2017. Retrieved 31 August 2017.
  5. ^ "Home | Global | Investec Asset Management". www.investecassetmanagement.com. Archived from the original on 3 September 2017. Retrieved 31 August 2017.
  6. ^ "Major Shareholders | Sasol". Archived from the original on 30 June 2015. Retrieved 27 June 2015.
  7. ^ "About Sasol". Archived from the original on 15 November 2017.
  8. ^ Donnelly, Lynley (4 July 2008). "Sasol the tax cow". Mail & Guardian. Archived from the original on 20 May 2014. Retrieved 20 May 2014.