Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals

Debt-laden chemicals and energy group Sasol is keeping its rights-issue powder dry, indicating on Wednesday that a final decision on any possible issuance, including its scale, will depend on various factors, including whether or not it is successful in completing yet more asset disposals. CEO Fleetwood Grobler reported on Wednesday that a “go or no-go” decision on the rights issue would be announced in February, when the group was scheduled to release its interim results for the 2021 financial year.
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Germany scraps renewable fee on hydrogen to encourage new technology

Germany’s government on Wednesday lifted a charge levied on power prices to support renewable energy on the production of so-called green hydrogen to encourage a nascent technology for low-carbon fuels, which is still hampered by high costs. The Berlin cabinet decided to waive the renewable energy fee under the EEG feed-in tariff law for electricity derived from wind and sun, following an economy ministry initiative, government sources said.
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Proposed 2 400 MW Batoka Gorge hydro scheme to have major impact on adventure tourism

The main environmental and social impacts of the propose 2 400 MW Batoka Gorge Hydroelectric Scheme (BGHES) on the Zambezi river, including serious negative impacts on adventure tourism and on the habitat of a rare bird species, were highlighted during a virtual stakeholder engagement on Wednesday. Located 47-km downstream of the Victoria Falls, the proposed project is being advanced by the Zambezi River Authority (ZRA), a binational organisation owned jointly by the governments of Zambia and Zimbabwe, and which is responsible for managing the Kariba dam and its reservoir, as well as for sustainably harnessing the hydropower potential of the Zambezi river.
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