SOL - Sasol Limited

Nov 14, 2024 at 20:28 Twitter · Facebook

SOL share price on Johannesburg Stock Exchange

Sasol Limited is a global integrated chemicals and energy company that sources, produces, and markets a range of fuels and chemical products in 27 countries. The company is listed on the JSE in South Africa and the New York Stock Exchange in the United States. Sasol’s investors consist of both equity investors (those invested in the ordinary shares or the ADRs) and lenders/debt investors—banks and institutional investors lending to the company or investing in its issues of debt instruments such as local bonds, offshore bonds, commercial paper issues, project finance, loans and other credit facilities, and convertible instruments.

Sasol comprises two distinct market-focused businesses, namely, Chemicals and Energy, with a corporate center to support. The Chemicals Business, which has a diversified, global presence across Africa, America, and Eurasia, boasts a broad range of integrated alcohols and surfactants, specialty alumina products which are backed by a track record of collaborative innovation with customers. The Energy Business has a strong regional position across Southern Africa, including upstream gas operations in Mozambique, and leverages the unique Fischer-Tropsch technology and advantaged assets to produce fully integrated liquid fuels and chemical products.

Sasol Limited is listed on the Johannesburg Stock Exchange (JSE). Sasol is traded on the JSE under the ticker symbol “SOL”. The International Securities Identification Number (ISIN) of JSE:SOL is ZAE000006896. Sasol Limited is currently the 40th most valuable stock on the JSE with a market capitalization of ZAR 60.1 billion, which makes about 0.306% of the Johannesburg Stock Exchange equity market.

SOL Stock Market Performance

The current share price of Sasol Limited (SOL) is ZAR 93.51. SOL closed its last trading day (Thursday, November 14, 2024) at 93.51 ZAR per share on the Johannesburg Stock Exchange (JSE), recording a 3.1% drop from its previous closing price of 96.51 ZAR. Sasol began the year with a share price of 185.29 ZAR but has since lost 49.5% off that price valuation, ranking it 400th on the JSE in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that SOL has lost 18% of the stock’s value from October 17th to date.

Sasol is the 17th most traded stock on the Johannesburg Stock Exchange over the past three months (Aug 19 - Nov 14, 2024). SOL has traded a total volume of 202 million shares—in 694,319 deals—valued at ZAR 23.8 billion over the period, with an average of 3.21 million traded shares per session. A volume high of 9.42 million was achieved on September 26th, and a low of 1.37 million on August 29th, for the same period. The table below details the last 10 trading days of activity of Sasol on the Johannesburg Stock Exchange.

Profile of Sasol Limited

Sasol Limited was founded on June 26, 1979 and operates in the Basic Materials sector, specifically, the Chemicals industry. Sasol contracts an estimated total number of 29,187 employees. The company is led by Fleetwood Grobler (63) as its President and Chief Executive Officer, since 2019. The company's board of directors, chaired by Sipho Nkosi (70), is composed of 13 members whose names are listed below.

1. Nkosi, Sipho
   Non-Executive Chairman
2. Grobler, Fleetwood
   President and Chief Executive Officer
3. Victor, Paul
   Chief Financial Officer
4. Kahla, Vuyo
   Executive Vice President: Strategy, Sustainability and Integrated Services
5. Westwell, Stephen
   Independent Non-Executive Director
6. Dube, Muriel
   Independent Non-Executive Director
7. Nkeli, Mpho
   Independent Non-Executive Director
8. Cuambe, Manuel
   Independent Non-Executive Director
9. Harper, Kathy
   Independent Non-Executive Director
10. Flöel, Martina
    Independent Non-Executive Director
11. Kennealy, Trix
    Independent Non-Executive Director
12. Matyumza, Nomgando
    Independent Non-Executive Director
13. Subramoney, Stanley
    Independent Non-Executive Director

SOL Industrial Market Competitors

Sasol Limited, issuers of the SOL and BEE - Sasol Limited (-38.79%) stocks on the Johannesburg Stock Exchange, have a number of market competitors who are also engaged in the Basic Materials sector and/or Chemicals industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange