Is Sasol (SSL) a great pick from the value investor's perspective right now? Read on to know more.

LOS ANGELES, CA / ACCESSWIRE / April 5, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Sasol Limited ("Sasol" or "the Company") (NYSE:SSL) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 10, 2015 and January 13, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before April 6, 2020.

OPERATIONS SAFETY UPDATE

LOS ANGELES, CA / ACCESSWIRE / April 6, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Sasol Limited ("Sasol" or "the Company") (NYSE:SSL) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 10, 2015 and January 13, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before April 6, 2020.

SAN FRANCISCO, CA / ACCESSWIRE / April 5, 2020 / Hagens Berman urges investors in Sasol ADRs (NYSE:SSL) who have suffered significant losses to submit their losses now . The April 6, 2020 lead plaintiff ...

Hagens Berman urges investors in Sasol ADRs (SSL) who have suffered significant losses to submit their losses now. According to the Complaint, Defendants misled investors by misrepresenting and failing to disclose that; (1) Sasol conducted insufficient due diligence into, and did not account for multiple issues with, Sasol’s  Lake Charles chemical plant (“LCCP”), as well as its true cost; (2) construction and operation of the LCCP was plagued by control weaknesses, delays, rising costs, and technical issues; and (3) Sasol’s top-level management exacerbated these issues by engaging in improper and unethical behavior concerning financial reporting for, and oversight of, the LCCP.

SAN FRANCISCO, CA / ACCESSWIRE / April 4, 2020 / Hagens Berman urges investors in Sasol ADRs (NYSE: SSL) who have suffered significant losses to submit their losses now . The April 6, 2020 lead plaintiff ...

Norway's $1 trillion sovereign wealth fund said on Wednesday it was excluding Glencore , Anglo American, RWE, Sasol and AGL Energy for their use and production of coal under updated ethical guidelines. Another set of companies - BHP , Uniper , Enel and Vistra Energy - were put under observation for possible exclusion at a later stage if they do not address their use or production of coal.

Sasol refers to the cautionary announcements released on the Stock Exchange News Service on 17 March 2020 and 31 March 2020, outlining a comprehensive response strategy designed to mitigate the impact of COVID-19 and a lower oil price. The strategy includes a cash conservation programme, an accelerated and expanded asset disposal and partnering programme, as well as a potential rights issue of up to US$2 billion, which remains subject to the progress of other initiatives.

Shareholders are referred to Sasol's SENS announcement issued on 31 March 2020. In that announcement, Sasol stated it would continue to run its operations, in line with regulatory requirements applicable in the jurisdictions we operate in, to ensure uninterrupted supply of essential products such as fuels and chemicals in these jurisdictions. We reiterate that the COVID-19 pandemic is highly dynamic, and we will continue to update the market of any further impact on Sasol's business.

Los Angeles, California--(Newsfile Corp. - April 6, 2020) - The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Sasol Limited (NYSE: SSL) ("Sasol" or "the Company") for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 10, 2015 and January 13, 2020, ...

Moody's Investors Service, ("Moody's") downgraded the rating on Gemini HDPE, LLC's outstanding $368 million senior secured term loan to Ba3 from Ba2. Gemini HDPE's rating downgrade to Ba3 reflects the credit deterioration of its joint venture owner/offtakers, including Sasol Financing (Pty)(NR), a direct subsidiary of Sasol Limited (Sasol, Ba2 RUR-Down) and INEOS Group Holdings S.A.'s (INEOS:Ba3 negative). Offtaker credit quality is a key driver of Gemini's credit assessment because INEOS and Sasol Financing wrap operational and market risk under its Tolling Agreements on a several but not joint basis.

NEW YORK, NY / ACCESSWIRE / April 6, 2020 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Sasol Limited ("Sasol" or the Company") ...

LOS ANGELES, CA / ACCESSWIRE / April 4, 2020 / The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class-action lawsuit against Sasol Limited ("Sasol" or "the Company") (NYSE:SSL) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between March 10, 2015 and January 13, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before April 6, 2020.

NEW YORK, NY / ACCESSWIRE / April 6, 2020 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...

Higher production efficiency, lower costs: Sasol, the chemicals and energy company launches the new product series TERRAVIS PI for the oil and gas market globally.

(Bloomberg) -- Sasol Ltd. is considering additional divestments, including the potential sale of stakes in an African gas pipeline and a Middle Eastern plant, as it explores ways to reduce its $10 billion debt pile, people with knowledge of the matter said.South Africa’s biggest company by revenue is working with advisers to review its 49% stake in Oryx GTL Ltd., which runs a gas-to-liquids plant in Qatar, according to the people. It is also weighing options for its upstream business Sasol Exploration & Production International as well as its 50% holding in the Rompco gas pipeline, the people said, asking not to be identified because the information is private.Sasol is examining various avenues to shore up its finances as it grapples with pressure from creditors. The company hired Bank of America Corp. to find a buyer for a minority stake in its $13 billion Lake Charles chemical complex in the U.S., Bloomberg News reported last month.The shares jumped 7.7% to 79.46 rand as of 10:38 p.m. in Johannesburg, the most in 10 days, paring a decline for the year to 74%.It has also discussed plans for a potential rights issue and has been negotiating with lenders to arrange greater flexibility over repayments. Sasol is still considering a number of possibilities and hasn’t decided whether to proceed with the additional divestments, the people said.Cost OverrunsSasol started an asset review process in 2017 that has expanded to other measures designed to reposition the company over the next two years, the company said in an emailed statement.“The expanded asset disposal process has yielded good interest in relation to a number of assets, despite the macro environment uncertainty,” Sasol said, declining to elaborate further. “Updates on progress will be provided at the appropriate time.”Sasol is planning to repay at least $6 billion of debt by the end of June 2021. The company said in March it will examine potential asset sales before deciding to pursue a rights issue, which it said would be a “last resort.” Cost overruns and time delays at the Lake Charles project led to mounting borrowings and contributed to a collapse in Sasol’s share price over the past year.Oryx GTL is controlled by state-owned Qatar Petroleum. The flagship plant, launched in 2007, uses Sasol technology that converts natural gas to liquid fuels. Rompco operates an 865-kilometer (537-mile) pipeline that transports natural gas from onshore fields in Mozambique to a Sasol plant in South Africa.Sasol Exploration & Production International oversee the group’s upstream oil and gas operations. The unit is mainly focused on Mozambique, where it has spent more than $10 billion on capital projects and operating expenditures. The business also has operations in South Africa, Canada, Gabon and Australia.(Updates with share price in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 6, 2020 to file lead plaintiff applications in a securities class action lawsuit against Sasol Limited (NYSE: SSL), if they purchased the Company's securities between March 10, 2015, and January 13, 2020, inclusive (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Sasol Limited ("Sasol" or the Company") (NYSE: SSL) and certain of its officers, on behalf of shareholders who purchased Sasol securities between March 10, 2015 and January 13, 2020, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/ssl.

(Bloomberg) -- South African fuel and chemicals manufacturer Sasol Ltd. said it has no plans to sell its retail outlets, countering reports that the state-owned Central Energy Fund is in talks about acquiring the assets.“We never had any discussions” with the fund about an asset sale involving the company’s retail gas stations, Sasol Chief Financial Officer Paul Victor said Tuesday in an interview. If anything, the company is looking to expand that segment of the business, he said.Sasol needs to cut debt and is trying to raise capital through asset sales to offset the collapse in oil prices earlier this year. The company has said it may consider a $2 billion rights offer.“The expanded asset disposal process has yielded good interest in relation to a number of assets, despite the macro environment uncertainty,” the company said in a separate statement Tuesday.The CEF, which manages the South African government’s energy assets, said Tuesday that while Chairman Monde Mnyande had previously said the fund might consider buying Sasol assets, “at no stage” did the CEF announce it’s negotiating to buy the company’s retail outlets.Johannesburg-based newspaper Business Day reported earlier that Sasol was in talks with the CEF over the potential sale of its fuel stations.Mnyande told lawmakers May 12 that the company “needs to put an end to the losses” at units including state oil company PetroSA. “We are looking at those and discussing very strongly with Sasol” what assets can be acquired, he said.Victor said no discussions took place with the fund about Sasol’s outlets and described any such claims as “nonsense.” Sasol has 410 retail convenience centers, which account for 11% of the regulated market, according to the company.It’s focusing on improving margins by looking for higher value markets for existing production of fuels. “This means both organic retail growth, by increasing our retail site development and conversion of sites to the Sasol brand, and possible small scale acquisitions,” the company said.(Adds detail on retail business strategy in last paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.