239 Sasol reviews. Pros. Sasol cuts CEO, executives' pay, warns of Lake Charles loss. Previous CEO was not so great. Simply sign in below. LUKANYO MNYANDA: Is ready, steady central banking a good fit in the middle of a crisis? CEO Fleetwood Grobler will donate 33% of his salary for three months from May and take a 20% pay cut for five months to December, directors’ fees will be reduced by up to 40%, and executive committee senior leadership and junior management will take salary cuts for 8 months, Sasol said. Move to Sandton was stressful, but building has everything. Questions or problems? CEO Fleetwood Grobler will donate 33% of his salary for three months from May and take a 20% pay cut for five months to December, directors’ fees will be reduced by up to 40%, and executive committee senior leadership and junior management will take salary cuts for 8 months, Sasol said. © 2021 Arena Holdings. Report. Benefits (e.g. Red tape. Sasol has announced sweeping salary cuts as part of the “self-help” measures the group is implementing to avoid a rights issue amid a drop in oil prices and lower sales. Salaries at Sasol Mining range from an average of R157,082 to R836,754 a year. The retailer's CEO Ian Moir earned a basic salary of R18.9m, but total remuneration came to R30.6m. Devlin Brown at the water cooler: Does online training yield results? 2.1 The Committee shall comprise no less than three independent non-executive … Salaries posted anonymously by Sasol employees in South Africa. New CEO's to try make Sasol better. Pension, Share Incentive Scheme) Cons. A free inside look at company reviews and salaries posted anonymously by employees. Already subscribed? Sasol investors suggest co-CEO Cornell should go Cornell has been more involved in the Lake Charles project, where costs are soaring, and is paid more than his co-CEO… According to Sasol’s annual report for the year until the end of June, Cornell’s remuneration included R68,65 million (85% more than the year before) and included a R20,8 million salary. Nonetheless, the board decided a leadership reset was needed to restore trust in the company. Sasol slashes management salaries — starting with its CEO, The synthetic fuel and chemicals group is scrambling to cut costs as oil prices and fuel sales plummet, JSE surges above 65,000 to record, led by Naspers and Woolworths, JSE faces mostly higher Asian markets on Monday as Covid-19 remains in focus, MARKET WRAP: JSE and rand fall as global market rally stumbles. As the President, Chief Executive Officer, and Executive Director of Sasol Ltd, the total compensation of Fleetwood Grobler at Sasol Ltd is $12,583,000. Salary, exposure, exciting, people, international. “By the time he left Sasol he was running probably 90% of the Sasol business. What is the salary of Fleetwood Grobler? Yes 14 No 1. In the previous year, the Sasol chairman earned $445,000 (R6.9 million, at current exchange rates), while non-executive directors received $150,000 (R2.3 million). Redeem it now. +$41K (45%) more than average Sasol salary ($70K) $106K Principal Project Manager Average Salary at Sasol (1 salaries)-$2K (1%) less than national average Principal Project Manager salary ($108K) +$36K (40%) more than average Sasol salary ($70K) Learn about Sasol culture, salaries, benefits, work-life balance, management, job security, and more. Dollar-based fees: In 2018, Sasol moved all its directors to dollar-based fees despite the fact that the majority of directors are based in South Africa, says Martin. JOHANNESBURG - Sasol expects a loss on its Lake Charles Chemicals Project (LCCP) this year and will cut the pay of its CEO and other management to protect its balance sheet, the petrochemicals maker said on Thursday. Sasol cuts executive pay, but should more be following suit? the Sasol Limited Board of Directors (the Board) as a committee of the Board to attend to Sasol Limited’s (the Company) activities in respect of the matters described below . Average Sasol weekly pay ranges from approximately R 1 300 per week for Cashier to R 3 500 per week for Safety Officer. A free inside look at Sasol salary trends based on 123 salaries wages for 95 jobs at Sasol. Here For You During COVID-19 Got a subscription voucher? 2. The company said it would donate 33% of Grobler’s salary for three months to a fund that has been set up by the government to support the fight against COVID-19. “These measures are necessary to help protect the company’s balance sheet and liquidity until at least the end of financial year 2021,” Sasol said, citing the impact of the coronavirus outbreak. The only thing he didn’t control was Synfuels (Secunda), SPI (the very small exploration arm of the business). Sasol today announced President and CEO David Constable has decided not to extend his contract of employment with the Company, which expires on 31 May 2016.. With the board’s support, Mr Constable initiated an extensive business performance enhancement programme, and drove the Company’s growth ambitions in Southern Africa and North America. 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The average Sasol monthly salary ranges from approximately R 5 000 per month for Administrative Clerk to R 26 407 per month for Senior Controller. Sasol Mining Jobs by Salary Sasol Mining pays its employees an average of R401,319 a year. Sasol slashes management salaries — starting with its CEO ... Fleetwood Grobler, the CEO of the fuel and chemicals producer, will lead the charge and donate 33% of his salary … Rocketing Tencent boosts multinational internet giant, while retail company releases an upbeat trading statement, If being boring is good, our Reserve Bank has been great, Scale and pace of landmark National Healthcare Insurance in question for the first time, Defeating the Covid-19 pandemic and kick-starting the economy were on the ANC’s agenda, CEO Christian Sewing is trying to improve relations with regulators and draw a line under a string of previous missteps, Economists are hopeful that good rainfall and harvests will prevent food inflation from hitting double digits in 2021, Incidents at two refineries have caused them to close their doors and the jury is out on whether it is worth reopening them, Block should send clear message that action is unacceptable, Lithuanian foreign minister says, Goals by Bradley Grobler and Sipho Mbule hand the visitors a win, We speak to Mark Read, chairman of the Everard Read group of galleries and also a passionate botanist and conservationist. Use of this site constitutes acceptance of our Terms & Conditions and Privacy Policy. Investors have been concerned by the company’s debt, largely due to delays and cost overruns at the Louisiana-based LCCP. Sasol Limited produces oil and chemical products. It is a good company with a lot opportunities to grow in a lot of career disciplines. There are 1 executives at Sasol Ltd getting paid more, with … However, more execs … Sasol cuts CEO, executives' pay, warns of Lake Charles loss, A file picture shows the logo of Sasol at its headquarters in Johannesburg. Was this review helpful? 163 salaries for 107 jobs at Sasol in South Africa. Fleetwood Grobler, the CEO of the fuel and chemicals producer, will lead the charge and donate 33% of his salary to the government’s Covid-19 response initiative, the Solidarity Fund, for three months. Sasol’s share price has plunged with 73% since 2014 and R267 billion has been lost from its former market value. The Company offers products such as automotive lubricants, greases, cleansers, fuels, polymers, and specialty gases. Salaries posted anonymously by Sasol employees. Email helpdesk@businesslive.co.za or call 0860 52 52 00. Read more at the SA government's online coronavirus portal or use the 24-hour public hotline: 0800 029 999. Sasol didn’t find misconduct or incompetence by either of the outgoing chief executive officers, who will be replaced on Nov. 1 by Fleetwood Grobler, previously executive vice president for chemicals. Fleetwood R Grobler is President/CEO/Executive Director at Sasol Ltd. See Fleetwood R Grobler's compensation, career history, education, & memberships. Benefits and salary are very good. “What people are forgetting is that this man knows coal,” a former Sasol executive told Business Insider SA. 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