Sasol issues $1bn in senior notes

Energy and chemicals multinational Sasol has announced that its wholly owned subsidiary Sasol Financing USA (the issuer) has priced an offering of $1-billion of dollar-denominated notes due 2029. The notes will bear interest at a rate of 8.750% a year and will be general unsecured obligations of the issuer and will be fully and unconditionally guaranteed by Sasol.
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Cabinet targets 1 000 MW of demand-side savings as winter approaches

Cabinet reports that a target has been set to save about 1 000 MW, or the equivalent of one stage of loadshedding, through demand side management (DSM) measures, but has provided no details as to what initiatives will be introduced and at what cost. Presenting the outcomes of Cabinet’s April 26 meeting, Minister in The Presidency Khumbudzo Ntshavheni described lowering electricity usage, especially during the evening peak from 17:00 to 21:00, as representing a “win-win” solution. She argued that DSM initiatives could reduce pressure on the power grid and save households and firms money “without affecting business productivity or quality of life”.
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