New reports on Sasol and Sibanye-Stillwater
16 August 2018
Kigoda Consulting has recently released two new reports. These reports are available to purchase via various research platforms, but please contact us if you would like to know more. The summaries of the report are provided below.
Sasol to face growing scrutiny over climate-related impacts – August 2018
Sasol’s 2017 South African Scope 1 and Scope 2 GHG emissions are greater than the next 33 JSE-listed companies that publicly disclose their emissions combined. However, Sasol has recently refused to table a proposed shareholder resolution at its 2018 AGM, calling on the company to disclose annually “how it is assessing and ensuring long-term corporate resilience in a future low-carbon economy”.
While Sasol has possibly avoided tabling the resolution at the 2018 AGM, it will not be able to be able to escape growing scrutiny of its climate-related risks. This briefing evaluates Sasol’s current performance in terms of GHG emissions, and uses the investor-led Transition Pathway Initiative (TPI) framework to assess company’s management quality in terms of the risks and opportunities relating to the low-carbon transition.
Sibanye–Stillwater and Lonmin: will public interest concerns and unions delay deal? – June 2018
The UK’s Competition and Markets Authority (CMA) on 28 June that it had cleared Sibanye–Stillwater proposed acquisition of Lonmin. However, there are a number of political and regulatory factors in South Africa that will complicate progress. This report considers three components of the proposed transaction: the public interest aspects of the Competition Act, the position of the unions, and the support of the Public Investment Corporation (PIC).
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