CEO Baloyi: New broom sprucing up Sasol for huge local opportunities
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- Опубліковано 12 вер 2024
- Chemical engineer Simon Baloyi has made the ultimate Sasol journey - from bursary student to CEO. In recent years, Baloyi was part of the executive team faced with a plunging share price (R300 to under R20 in first three months of 2020) and the subsequent forced sale of assets to slash its excessive debt. In this interview with BizNews editor Alec Hogg, Sasol’s new CEO shows those lessons have been well learned: his priority is to build a bullet-proof balance sheet and ensure highly disciplined allocation of capital, an area where Sasol has not shone in the past decade and a half. It helps his cause that the Sasol board has tempered its ambitions - now prioritising local opportunities over the offshore Hail Marys whose massive cost overruns ran up huge debt. An encouraging story, a must-watch for millions of investors with direct exposure to South Africa’s coal-to-fuel and chemicals champion.
Video production by Asime Nyide
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Smart guy, great to see this business recover and have a good future.
Why does it feel to me, like SASOL is missing good opportunities with the new gas finds in and around the South Africa?
Is it because Lake Charles scared them off... and they're afraid to take on new projects or is it that they don't have the cash to invest in a new operation?
Highly Probable!
Godspeed, meneer
Interesting times coming. Strengthening the base sounds great 👌🏾😳
All the best Mr Baloyi ❤
Why can't our political people by like him.
Sell sasol asap r30 is a buy, last big dip it hit r20
Our COLOURED people are nowhere to been found/seen in these companies .....it's a SAME
YOU COMPLAIN but dont research, did you know the govchat app was created by coloured? the company in western cape in charge of helping businesses become bee compliant is owed by a coloured,
Reverse apartheid
Racism is assuming that a successful individual got where they are because of their race
@@Ritesh-yy1zrGo to school!
Sasol shares are flop 😢.... Cokzimflop
yeah! from R2 750 to R14 000 share price, what a really flop.
So seeing that you are the "new" broom why don't you sweep the astronomical prices of petrol under the carpet and come up with an affordable and realistic price to help us to live better ???? All of you people get salaries of biblical proportions --- but you don't want to listen to the pleas of your fellow countrymen ????
How old are you not to know that fuel prices are regulated in South Africa? The government sets the price, not the oil companies.
@@kabelontobo303 did you figure that out by yourself??? Or did someone assist you ???
Do you know how fuel prices are determined? Also, do you know how little the producer makes per litre?
@gideongouvs5559 You're exposing your cretinic thinking. You're punching above your weight, go back to Europe and maybe you will be better.
My concern is if this person was instrumental in the operational and strategic management of this company at a time when it came so close to folding what is he going to do differently to impact change and growth when he was not able to do it then. It might have been a far better decision to appoint someone with a track record of achievement because I definitely did not hear him talk about his own CPD and that’s really concerning because he might be limited in how far he could grow the company. I wish the investors well. 🙏
All these so-called management they are bullshitting that's why their mines cannot produce coal.
he said what he is going to do different and being part of top management doesn't give you final say only have greater influence on your field only
In 2020, it was the International business that almost folded the company. Simon was in charge of local assets, and that was doing quite well. His meteoric rise to the top was through excellence on his part. Don't come with negative insinuations
@oscarskubheka1002 Interesting that she doesn't mention the White Club that nearly sunk SASOL. Simon mentioned that SASOL bit more than they can chew on Lake Charles & that is due to Andre de Ruyter incompetence in the main. Imagine trying to blame Simon for things he had nothing to do with! Deep hate coming from white South Africans with this brilliant appointment of Black home grown leaders!
We wish to make contact with Sasol in the renewable biogas to Energy Solution.
Kindly share Mrs Baloyi email address