Jesse Armstrong's questions to SASOL (SSL) leadership • H2 2025
Question
Jesse Armstrong asked about the price and volume assumptions for the U.S. chemicals business, demand trends in Europe, the impact of U.S. tariffs on chemical exports, and the progress on the South African cost savings program.
Answer
President & CEO Simon Baloyi and EVP of International Chemicals Antje Gerber stated they are not factoring in a market recovery and have seen no demand uptick in Europe. EVP of Marketing & Sales Christian Herrmann explained the tariff risk is being mitigated, with a remaining net risk of around $60 million. Simon Baloyi estimated that the company is about 10-30% through its journey to achieve its R10-15 billion group cost savings target by FY28.