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    Nishal Ramloutan

    Research Analyst at UBS

    Nishal Ramloutan is a Research Analyst at UBS, specializing in equity research with a focus on South African energy and chemical companies. He has covered key companies such as SASOL, providing analysis and insights through earnings calls but does not have publicly available performance rankings or return metrics. Ramloutan's detailed career timeline, previous experience, and specific professional credentials or securities licenses are not publicly documented. His current expertise centers on corporate financial analysis within the South African resources sector, leveraging in-depth knowledge relevant to investors in this space.

    Nishal Ramloutan's questions to SASOL (SSL) leadership

    Nishal Ramloutan's questions to SASOL (SSL) leadership • FY 2015

    Question

    Nishal Ramloutan from UBS questioned why the FY2016 cost savings target remained at R4.3 billion despite outperforming the FY2015 target and requested a breakdown of the working capital improvement, particularly the impact of inventory revaluation.

    Answer

    President and CEO David Constable reiterated the target is "at least R4.3 billion," implying potential upside without formally changing guidance. CFO Bongani Nqwababa provided a breakdown of the working capital benefit, attributing it to a R2.5 billion benefit on capital creditors, R1 billion from the response plan, and R2 billion from price effects.

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