Sasol slashes emission-reduction capex but insists 30% target remains intact

Energy and chemicals group Sasol has announced a dramatic 70% cut to the capital expenditure (capex) budget associated with its greenhouse-gas emission reduction roadmap to 2030, while still insisting that its 30% reduction target remains intact. CEO Simon Baloyi outlined the revised roadmap at the JSE-listed group’s 2025 Capital Markets Day, announcing that it would invest between R4-billion and R7-billion on emission-reduction projects over the coming five years, compared with a previous range of between R15-billion and R25-billion.