Court suspends analogue switch-off date, ruling calls set date "irrational"
Danette Breitenbach
Subscribe & Follow
Advertise your job vacancies
Sasol warns of impact on Q4 volume outlook following KZN floods
Sasol on Monday, 25 April, said it has declared force majeure on the export of certain chemical products due to the impact of heavy rainfall and floods in KwaZulu-Natal, possibly affecting its fourth-quarter volume outlook.
Source: Reuters/Siphiwe Sibeko
The floods, among the worst to hit KZN, have killed 435 people, leaving thousands homeless and causing at least R10bn in damage to infrastructure.
"Our Q4 FY22 volume outlook could be impacted subject to the extent of infrastructure damage and the timing of the recovery and restoration of key infrastructure and utilities," the petrochemicals group said in a statement.
Sasol, the world's biggest producer of fuel products and chemicals from coal, said it has yet to fully assess the material impact of the floods on its business.
The company said that the conflict in Ukraine and the resulting volatility in energy prices, together with Covid-19 lockdowns in China and rising inflation, will also pose risks to sales volumes and margins during the last quarter of 2022.
Source: Reuters
Reuters, the news and media division of Thomson Reuters, is the world's largest multimedia news provider, reaching billions of people worldwide every day.
Go to: https://www.reuters.com/Related
EXCLUSIVE: Novus Group's analysis shows Africa’s mining sector at a crossroads 20 Mar 2025 #MiningIndaba: Anglo pivots to Sasol biodiesel for emissions gains 4 Feb 2025 Sasol battles production declines and changing chemicals landscape 3 Jan 2025 Municipalities enter the climate crisis chat at built environment indaba 9 Dec 2024 Ramaphosa calls for Zama Zama human rights to be respected 19 Nov 2024 New report shows depth of Sasol Secunda distress 28 Oct 2024
