Latest news with #XikongomeloMaluleke
Yahoo
3 days ago
- Business
- Yahoo
Sasol (JSE:SOL) Welcomes New Board Directors Amid Leadership Reshuffle
Sasol recently saw a 38% rise in its share price last month, coinciding with several key developments. The appointment of Ms. Xikongomelo Maluleke as an independent non-executive director and a revised dividend policy, emphasizing sustainable debt management, may have bolstered investor sentiment. Additionally, Sasol's partnership with Henkel on environmentally friendly adhesives aligns with market trends favoring sustainability, potentially appealing to eco-conscious investors. While these company-specific changes added weight, broader market trends, such as optimism over U.S.-China trade talks, also likely contributed to the positive movement in Sasol's shares. You should learn about the 2 risks we've spotted with Sasol. The end of cancer? These 23 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's. The recent appointments and policy revisions at Sasol, alongside its partnership with Henkel, could reinforce the company's focus on cost optimization and environmentally aligned growth strategies, potentially impacting future revenue and earnings positively. These moves, emphasizing renewable energy integration and sustainable debt management, might enhance Sasol's operational efficiency and profit margins over time, supporting the narrative of a strengthened operational framework. Over the past year, Sasol's total shareholder return, including dividends, was a 25.81% decline. Meanwhile, its 12-month price performance shows underperformance compared to both the South African Chemicals industry, which returned a 10.6% decline, and the broader ZA market, which rose 28%. This longer-term perspective underscores the challenges Sasol has faced in navigating market conditions and competitive pressures. While the company's updated initiatives could improve revenue and earnings forecasts, analysts see Sasol's revenue reaching ZAR 269.6 billion, with expectations for substantial earnings growth by June 2028. The share price, currently at ZAR 83.81, remains below the consensus price target of ZAR 118.78, suggesting potential for upward movement if forecasts are met. Investors should consider how these initiatives might align with their expectations and possible industry challenges. Gain insights into Sasol's future direction by reviewing our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include JSE:SOL. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
4 days ago
- Business
- Yahoo
CHANGES TO SASOL LIMITED BOARD OF DIRECTORS
JOHANNESBURG, June 9, 2025 /PRNewswire/ -- In compliance with para 3.59 of the JSE Listings Requirements and para 6.39 of the JSE Debt and Specialist Securities Listings Requirements, shareholders and noteholders are advised of the following changes to the board of directors of the Company (the Board) in accordance with the Company's nomination and succession plan for directors: Appointment of independent non-executive director Ms Xikongomelo Maluleke has been appointed as an independent non-executive director of Sasol with effect from 9 June 2025. Ms Maluleke satisfies the independence requirements for directors under applicable requirements in South Africa and the United States. Ms Maluleke is a Chartered Accountant. She attained a Bachelor of Commerce (Accounting) degree from the University of Limpopo, a Bachelor of Accounting Honours and CTA from the University of KwaZulu-Natal and an MBA from the University of Pretoria. She spent seven years at Shell Downstream South Africa in various finance roles. Ms Maluleke was the Chief Financial Officer of Lumika Renewables (a joint venture of Reunert Limited and AP Moller Capital). She has been serving on the Board of Sasol South Africa Limited as an appointee of the Board of Trustees of the Sasol Khanyisa Employee Share Ownership (ESOP) Trust, which she has been an independent trustee of. Pursuant to her appointment to the Board of the Company, she has resigned from the Board of Trustees of the Sasol Khanyisa Employee Share Ownership Trust and the Board of Directors of Sasol South Africa Limited. The Chairman of the Sasol Board, Ms Muriel Dube, said: "We are pleased to welcome Xikongomelo to the Sasol Board. Her experience and drive will strengthen our efforts as we look ahead to Sasol's next chapter". Resignation of non-executive director and chairman of the Remuneration Committee Mr Timothy Cumming has decided to resign as non-executive director and chairman of the Remuneration Committee of Sasol due to personal reasons. The Board accepted his resignation on 6 June 2025. Ms Dube said: "On behalf of the Board we want to thank Tim for his dedication and contribution during his tenure as director and wish him well with his future endeavours." Dr Martina Flöel, the Lead Independent Director who also serves as a member of the Remuneration Committee, has been appointed as chairman of the committee with effect from 6 June 2025. Pursuant to this appointment, Dr Flöel has relinquished chairmanship of the Capital Investment Committee. Mr Manuel Cuambe, who has served on the Capital Investment Committee since joining the Board of Sasol, has been appointed as chairman of the Capital Investment Committee effective 6 June 2025. For further information, please contact: Sasol Investor Relations,Tiffany Sydow, VP Investor RelationsTelephone: +27 (0) 71 673 View original content: SOURCE Sasol Limited Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
