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Stock impact report

South Africa Must Manage Threats Like Water Outages, Lobby Group Says [BNN Bloomberg (Canada)]

Sasol Ltd. American Depositary Shares (SSL) 
US:NYSE Investor Relations: sasol.com/investor-centre/overview
Company Research Source: BNN Bloomberg
taps running dry from Mbombela in the east of the country to the south of Johannesburg, the head of a key business-lobby group said. “Bulk water supply to large manufacturers and mining companies is an increasing concern, posing further risks to economic activity,” Business Leadership South Africa Chief Executive Officer Busi Mavuso said in her weekly newsletter. Thousands of residents in Johannesburg, the country's economic hub, face a second week without water as the utility struggles to return supply after a blast shuttered one of its key pump stations. Businesses are working with the government to end a national power-supply crisis and the collapse of state port and rail infrastructure. “We cannot find ourselves in a situation where we have resolved the energy and logistics crises only to be confronted with a new crisis that ultimately means economic activity doesn't happen,” Mavuso wrote. “So, while tackling immediate crises head on is important, we must maintain vigilance Show less Read more
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