Energy and chemical company’s recent updates show the project is battling to cover its cost of capital, analyst saysSasol, which shocked the market in May by announcing more cost overruns at its Lake Charles chemicals project in the US, said on Monday the second of seven production units at that plant has come online.
Sasol said on Monday the ethylene oxide facility at the plant — the second of seven production units — “achieved beneficial operation” last Friday. It said the net debt to ebitda covenant applicable to its $3,9bn revolving credit facility has been amended from 2.5-times to 3-times.
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Sasol’s second Lake Charles production unit goes onlineEnergy company’s recent updates show the project is battling to cover its cost of capital, analyst says
Source: BDliveSA - 🏆 12. / 63 Read more »
Sasol’s second Lake Charles production unit goes onlineEnergy company’s recent updates show the project is battling to cover its cost of capital, analyst says
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »
Sorry, Sars ‘rogue unit’ ruling was my bad: judgeJudge Frank Kroon, the former chairperson of the Sars advisory board who declared the receiver’s Illicit Economy Unit – infamously known as the Rogue Unit – unlawful, has personally apologised to the unit’s former members and their families. And we must respect his now new found conscience 😂😂😂😂😂😂😂 Apology accepted. But PP still busy with investigations. Will wait for her findings and binding recommendations. After so long. This is nonsense, that judge must be arrested for failing to respect his profession and fairness. In other words he is trying to directly disturb the work of PP. He must be arrested
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Ghana fines Absa unit for ‘frivolous’ forex quotesBanking regulator fines Barclays Bank of Ghana $859,000 for foreign-exchange practices ZAR the regulator and courts can't find this Barclays cartel guilty of similar charges even when the PP found that these banks are acting outside of the interest of the country, the bloody regulator failed to act and now our Rand is volatile in favour of a weakened USA. I'm sensing something funny. It appears that South African companies operating in other African countries have become easy targets for Revenue generation. Look at MTN in Nigeria/Tanzania or Vodacom (Uganda). Or is it cynical me?
Source: BDliveSA - 🏆 12. / 63 Read more »
Sorry, Sars ‘rogue unit’ ruling was my bad: judgeJudge Frank Kroon, the former chairperson of the Sars advisory board who declared the receiver’s Illicit Economy Unit – infamously known as the Rogue Unit – unlawful, has personally apologised to the unit’s former members and their families. is he still on the roll? Wrs eff this cant happen now when pravin is found guilty
Source: TimesLIVE - 🏆 28. / 59 Read more »
Imperial’s packaged goods unit the latest casualty of SA’s weak economyImperial Logistics says its restructuring and rationalisation entails exiting unprofitable contracts, consolidating operations and cutting costs
Source: BDliveSA - 🏆 12. / 63 Read more »
Sorry, Sars ‘rogue unit’ ruling was my bad: judgeJudge Frank Kroon, the former chairperson of the Sars advisory board who declared the receiver’s Illicit Economy Unit – infamously known as the Rogue Unit – unlawful, has personally apologised to the unit’s former members and their families.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Sorry, Sars ‘rogue unit’ ruling was my bad: judgeJudge Frank Kroon, the former chairperson of the Sars advisory board who declared the receiver’s Illicit Economy Unit – infamously known as the Rogue Unit – unlawful, has personally apologised to the unit’s former members and their families. Siphi kethina kule 'my bad'.... do he have comprehension of what is mishap has had on individuals & society. What does this suggest about Judges' by extension judiciary conduct and intentions. ThumaMina CountryDuty 'Oops' muttered doesn't remedy the travesty of justice. The rogue unit was unlawful and it is still in can not as a judge rule on something and then later when your handlers are worried about that judgement you go to media and say I am sorry.Why can't judges be investigated for corruption?This is fraud.
Source: TimesLIVE - 🏆 28. / 59 Read more »