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Table of Contents
SHRM
Sasol Limited
ABC
[Pick the date]
Table of Contents
Introduction
About the company
Trade considerations
Macroeconomic considerations
Port considerations
Infrastructure considerations
Licenses for Gas
Prices of crude oil
Forex risk
Social Impact
Unlocking Africa’s potential
21st Africa Oil Week/Africa Upstream Conference
Social Investment
Adding value through in-country monetisation
About the natural gas project in Mozambique
A New Era for Sasol
SHE Policy
Enterprise and Supplier Development
Inzalo Foundation
Trade Theories
Traditional Theory of Trade
New Theory of Trade
A Spatial Theory Of Trade
Bibliography
Introduction
For truly global firms, trade is an important component of business. Global firms have vast supply chains and capitalize on the specialties and expertise of different nations as well as opportunities for cost minimization in outsourcing or procurement of raw materials from different nations. SHRM – Sasol Limited Manufacturing or assembling facilities are often at a different location and thus trade becomes vital to business. It is thus imperative that trade regulations and considerations are given priority.
Sasol is one such global company operating from within South Africa. An energy and chemicals based company with a multitude of end products and diverse functions, company imports and exports all over the world. Sasol has important trade considerations to bear in mind to ensure continued operations and profitability. SHRM – Sasol Limited It is committed to making a social impact in Africa, leveraging its natural resources to bring prosperity to the region.
About the company
At the beginning of the 1950s, the government of South Africa decided to start a program to extract and refine oil from South Africa’s vast coal reserves. These reserves were of a poor quality but they still held economic potential. The company formed, called, South African Coal, Oil and Gas Corporation Limited, later became Sasol.
Sasol was established in Johannesburg and is registered in the country. It has gone on to become an international integrated company dealing in the energy and chemicals sector. The company became open to public trading and its stocks are traded over JSE in SA and on the NYSE in the US. Today Sasol is the world’s largest producer of motor fuel using coal as raw material.
It mines gas from Mozambique’s Pande and Temane fields via a 865 kilometer pipeline, carrying it to its plant in Secunda. This plant manufactures synthetic fuels. It is also exploring more fields in adjacent concessions. SHRM – Sasol Limited (Sasol, 2013)
Sasol has large scale international operations but the larger portion of its revenues is generated from its business in South Africa. It is thus a significant benefactor of the country, driving economic growth through supplying power, creating jobs and using untapped resources.
The operations in South Africa are based on both import and export functions. Sasol exports an approximate amount of 3 million tons (Mt) of coal and one million Mt of bulk liquid chemicals, and 500 000 Mt of containerised chemicals, while importing about 3.5 million Mt of crude oil, clean petroleum products as well as other dry bulk cargoes every year. Sasol carries out these operations via the Transnet National Ports Authority (TNPA) and uses Natcos facilities. (Sasol, 2012)
Sasol is committed to benefiting its roots as it becomes a global name. To benefit South Africa, Sasol capitalizes on the local opportunities in Southern Africa and North America and identifies areas of growth early on. Its major focus as a responsible company is to create value sustainability.
Sasol involves over 32 400 people in 37 countries in its operations at all levels and maximizes their potential by leveraging their talent and skills. It relentlessly pursues research and development, SHRM – Sasol Limited innovating and refining technologies and then applying them on a commercial, large scale level,
building facilities to manufacture its product base which include liquid fuels, chemicals, low carbon electricity etc..
Sasol recently revised its value chain based model to optimize its operations. It is now organized into three areas; there are 2 upstream business units, 3 regional centers, and …
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