Story perspectives
Sasol Bounces Back, Plans Major Renewable Energy Shift
8/26/2025
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Story summary
- Sasol Ltd. reported a net income of 6.8 billion rand for the year ending June 2025, recovering from a loss.
- The company plans to boost renewable energy sourcing to 2 gigawatts by 2030 and is constructing a new plant for coal quality enhancement.
- CEO Simon Baloyi announced intentions for an electricity trading license and investments in renewable projects.
- Sasol faces criticism for being a major air polluter despite its clean energy sales.
