A decision to moderate the way Sasol’s emissions will be measured and regulated may have activists fuming, but it sent the company's share price sharply upward on Monday.
Sasol on Monday morning announced it had succeeded in its appeal to the Minister of Environment, Forestry and Fisheries over how its sulphur dioxide (SO2) emissions would be regulated. The share price responded positively, jumping as much as 6.6% to R163 per share in Monday morning trade.
The decision will see the synthetic fuel and chemicals giant’s SO2 emissions from its Secunda steam plants regulated on an "alternative" basis – one that focuses on load of emissions, rather than the concentration thereof.