×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Sasol reduced its production guidance for its Secunda coal-to-oil plant because maintenance was taking longer than expected, it said in its September quarter update on Thursday. However, thanks to improved performance at its Natref refinery, Sasol said it was still on track to achieve its sales target of about 58-million barrels of fuel in its 2019 financial year, which ends in June. In its 2018 financial results, Sasol reported that Secunda’s synfuel production fell 3% to 7.6-million tons.

Trade union Solidarity maintains strike action at the plant had a direct effect in causing the drop in production due to delays, saying its members are  gearing up to increase pressure on the petrochemical producer. The decline in shareholder confidence and production would eventually exceed the costs of including white workers in the group's employee share ownership plan, said Solidarity CE Dirk Hermann. Sasol, however, denied that industrial action was at the root of the delay, saying thi...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.