Sasol reports better than expected FY 2013 results, bullish on Mozambique

|About: Sasol Limited (SSL)|By:, SA News Editor

Sasol (SSL +1.2%) reports better than expected earnings and revenue for its FY 2013, with synfuels production volumes +4% Y/Y to 7.44B tons, best since 2006.

Hixonia Nyasulu says she will step down as chairman and director in November, to be replaced by Mandla Gantsho.

CEO David Constable says he is "very bullish" on Mozambique and is in discussions with other parties over how to help monetize gas finds in the northern offshore fields there.

SSL also is in the process of applying for environmental permits to develop a two-phase gas-to-liquids plant in Louisiana, which it expects to receive by January and April 2014.