Sasol Ltd (SOL) is a company whose shares are publicly traded on the Johannesburg Stock Exchange (JSE). The JSE is the 16th largest stock exchange in the world and the largest of 22 stock exchanges in Africa.
Here is an overview of Sasol Ltd (SOL) shares and details on how to buy Sasol shares from the JSE
In this in-depth write-up you will learn:
- How to Purchase Sasol Shares
- Sasol Nature of Business
- Steps on how to buy shares in Sasol
- Sasol history
- How to get JSE Exchange Traded CFD’s
- Does Sasol have shares for sale?
- Pros and Cons of using an online trading broker
- Sasol Shares Live Price on the JSE
- Sasol Shareholders
- Details about the JSE
- Details about CFD Shares
- Is Sasol ltd a good investment?
- Traditional Stock Broker vs Online Stock Trading Broker
- How can you locate the Sasol Shares Price?
- Where can I see the sasol share price in rand?
- Why would Sasol share price be dropping?
- When was Sasol made available on the JSE?
- How can I check my Sasol Khanyisa shares
and much, much more!
How to Purchase Sasol Shares
To acquire Sasol shares, traders and investors must engage an approved broker on the JSE.
Buying shares directly from the JSE without a broker is not possible unless the company provides a scarce option of a direct stock purchase plan. Fortunately, online brokerage costs are cost-effective, typically ranging from just 0.25% to 0.5% per trade.
10 Best Forex Brokers for 2023
Sasol at a Glance
|📜 Name||Sasol Ltd|
|🕖 JSE code / Stock Symbol||JSE: SOL|
|📌 Industry||Chemical and Energy|
|🎁 Market cap||158,11 bil|
|💻 Stock Exchange||Johannesburg Stock Exchange (JSE)|
|📜 Locations||Germany, Italy, Slovakia, the UK, France, Belgium, Spain, the Netherlands, Poland, Russia, the US, Brazil, South Africa, Dubai, China, Singapore and Japan|
|📌 Open an account||👉Click Here|
Nature of Business
Sasol Limited is a fully integrated energy and chemical company in South Africa. The company was founded in 1950 in Sasolburg, South Africa, and built on processes that were first developed by German chemists and engineers in the early 1900s.
Today, Sasol develops and commercializes technologies, including synthetic fuels technologies, and produces different liquid fuels, chemicals, and electricity. Sasol is listed on the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE).
Major Sasol shareholders include the South African Government Employees Pension Fund, Industrial Development Corporation of South Africa Limited (IDC), Allan Gray Investment Counsel, Coronation Fund Managers and Investec Asset Management. Sasol has operations in 33 countries. It is the largest corporate taxpayer in South Africa.
The CEO of Sasol Ltd is Fleetwood Grobler (2019- ) and its headquarters are in Johannesburg, South Africa.
4 Easy Steps for Beginners to Buy Sasol Shares on the JSE
|𝗦𝘁𝗲𝗽 𝟭:||𝘋𝘦𝘵𝘦𝘳𝘮𝘪𝘯𝘦 𝘪𝘧 𝘺𝘰𝘶’𝘳𝘦 𝘨𝘰𝘪𝘯𝘨 𝘵𝘰 𝘣𝘦 𝘢 𝘵𝘳𝘢𝘥𝘦𝘳 𝘰𝘳 𝘢𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳|
|If you're new to buying company shares on a stock exchange, you must first decide whether you're a trader or an investor. These are two distinct ways of profiting from financial markets.
Traders employ short-term strategies for maximizing returns within days, months, or quarters. They capitalize on market fluctuations and timely entry/exit points. Traders aim for frequent but smaller profits.
Investors use long-term strategies for greater returns over an extended period. They buy and hold shares, focusing on long-term goals like retirement or capital profits.
|𝗦𝘁𝗲𝗽 𝟮:||𝘋𝘦𝘤𝘪𝘥𝘦 𝘸𝘩𝘪𝘤h 𝘣𝘳𝘰𝘬𝘦𝘳 / 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘺𝘰𝘶 𝘸𝘪𝘭𝘭 𝘶𝘴𝘦 𝘵𝘰 𝘣𝘶𝘺 𝘰𝘳 𝘵𝘳𝘢𝘥𝘦 𝘚𝘢𝘴𝘰𝘭 𝘴𝘩𝘢𝘳𝘦𝘴|
|Retail traders and investors can't directly purchase Pick n Pay shares from the JSE. For beginners, the route to buy these shares is either through an authorized JSE broker or share CFDs via an online broker or bank using a trading platform. Alternatively, investing through an asset management company is an option, but it's advisable for professionals.|
|𝗦𝘁𝗲𝗽 𝟯:||𝘌𝘯𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘢 𝘑𝘚𝘌-𝘢𝘱𝘱𝘳𝘰𝘷𝘦𝘥 𝘣𝘳𝘰𝘬𝘦𝘳|
|Novice traders can conveniently trade major global company shares via retail broker platforms or mainstream South African banks. While not all international online brokers include the JSE Top40 Index, most South African traders use their banks to buy local JSE shares.
Nearly all major banks in South Africa provide online trading for retail traders and investors seeking to purchase shares. For beginners, utilizing your local bank is the recommended approach to acquire Pick n Pay shares on the JSE.
|𝗦𝘁𝗲𝗽 𝟰:||𝘙𝘦𝘨𝘪𝘴𝘵𝘦𝘳 𝘖𝘯𝘭𝘪𝘯𝘦 𝘢𝘯𝘥 𝘧𝘶𝘯𝘥 𝘺𝘰𝘶𝘳 𝘢𝘤𝘤𝘰𝘶𝘯𝘵|
|1. Sign up with your email address - 👉Click Here|
|2. Enter your personal details and banking details for fund transfers|
|3. Add accounts and sign mandates|
|4. Read the terms and conditions|
|5. Send in your identification documents required by FICA legislation|
|6. Fund your account in the currency accepted by the broker|
|7. Set up your trading platform and start trading|
Details on FICA: Documents required for individual traders
- A valid South African identity document
- Proof of residential address, for example, water and electricity bill (not older than three months), your bank statement (not older than three) or current lease agreement. The documents must be in the name of the account holder. If not, written confirmation from the account holder that the applicant lives at the residential address and a certified copy of the account holder’s identity document is required.
- A canceled cheque or bank statement not older than 3 months (electronic statements are not accepted). The name of the bank account must correspond with the applicant’s details.
- Proof of income tax number; for example, a copy of an official document issued by the South African Revenue Services. (An IRP5 will not be accepted).
Due to the SA government’s anti-money laundering legislation, JSE-approved brokers require original or originally certified copies of the above documents.
How to get JSE Exchange Traded Contracts for Difference (CFDs)
To access this product, contact one of the JSE’s Equity Derivatives members.
9 JSE-approved brokers to buy Sasol shares in South Africa
|Share broker||Broker fee per trade||Admin fee per trade||Register|
|Absa Bank||0.40%||R75||Absa stock broking|
|BP Bernstein||1.00%||R30||BP Bernstein stock broking|
|Easy Equities||0.25%||R80 – R100||Easy Equities stock broking|
|FFO Securities||1.25%||R30||FFO Securities stock broking|
|FNB||0.50%||R87||FNB stock broking|
|Momentum Securities||0.50%||R45||Momentum Securities stock broking|
|PSG Wealth||0.90%||R55||PSG Wealth stock broking|
|Sanlam iTrade||0.50%||R50||Sanlam iTrade stock broking|
|Standard Bank||0.40%||R99||Standard Bank stock broking|
** Broker fees and admin fees are subject to change: estimate for comparison only
Traditional Stock Broker vs Online Stock Trading Broker
|𝗙𝗲𝗮𝘁𝘂𝗿𝗲||𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗦𝘁𝗼𝗰𝗸 𝗕𝗿𝗼𝗸𝗲𝗿 𝗖𝗼𝗺𝗽𝗮𝗻𝘆||𝗢𝗻𝗹𝗶𝗻𝗲 𝗦𝘁𝗼𝗰𝗸 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗕𝗿𝗼𝗸𝗲𝗿
|Service Accessibility||Physical offices or branches||Online platform accessible anytime|
|Commission/Fees||Often higher commissions and fees||Typically lower commissions/fees
|Personal Assistance||Offers in-person or phone support||Limited to online support|
|Trading Tools||Comprehensive research and tools||Online tools and research available|
|Account Management||Personalized account management||Self-managed online accounts|
|Trading Flexibility||May offer more complex trading options||Focuses on user-friendly interface|
|Accessibility||Limited to business hours and locations||24/7 access from anywhere|
|Education/Resources||May provide in-person seminars||Offers online tutorials and resources|
|Account Minimums||Often higher account minimums||Lower or no account minimums
|Speed of Execution||May have slightly slower execution||Generally fast execution times|
|🚀Open an Account||👉Click Here||👉Click Here|
|𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀||𝗦𝘂𝗺 𝘁𝗼𝘁𝗮𝗹 𝗼𝗳 𝘀𝗵𝗮𝗿𝗲𝘀||% 𝗼𝗳 𝗼𝗿𝗱𝗶𝗻𝗮𝗿𝘆 𝘀𝗵𝗮𝗿𝗲𝘀
|Unit Trusts||205 446 312||33,0|
|Pension and provident funds||164 649 071||26,4|
|Government of South Africa||53 266 887||8,5|
|Other managed funds||30 189 353||4,8|
|Insurance companies||26 531 451||4,3|
|Private investors||26 233 846||4,2|
|Sovereign wealth funds||23 652 430||3,8|
|Trading position||19 497 918||3,1|
1950: Sasol (South African Synthetic Oil Limited) is founded in South Africa to address the country’s oil shortage due to international sanctions.
1967: The first Sasol plant, Sasol One, begins production in Sasolburg, South Africa, utilizing coal-to-liquids (CTL) technology to produce synthetic fuels from coal.
1979: Sasol Two plant commences operations, expanding the company’s production capacity.
1980: Sasol Three becomes operational, further boosting Sasol’s fuel production capabilities.
1990: Sasol develops the Fischer-Tropsch GTL (Gas-to-Liquids) technology, allowing the production of synthetic fuels from natural gas.
1993: Sasol was listed on the Johannesburg Stock Exchange (JSE).
2004: Sasol and Qatar Petroleum formed a partnership to establish Oryx GTL, a gas-to-liquids plant in Qatar.
2007: Sasol opens a GTL facility in Nigeria.
2013: Sasol completes the construction of its ethane cracker and derivatives complex in Louisiana, USA.
2018: Sasol announces the Lake Charles Chemicals Project (LCCP) in Louisiana, one of the largest foreign direct investments in the U.S. at the time.
2020: Due to cost overruns and project delays, Sasol faces financial challenges, including significant debt.
2021: Sasol continues to work on stabilizing its financial situation and completing its Lake Charles Chemicals Project.
Pros and Cons of Trading Shares via an Online Trading Broker
|Accessible 24/7 from anywhere with an internet connection||Absence of personalized investment advice compared to traditional brokers.
|Typically lower commissions and fees compared to traditional brokers.||Online trading carries cyber security and fraud risks.
|User-friendly platforms with tools and research for easier trading.||Trading relies on stable internet and platform performance
|Quick execution of trades due to online nature.||Beginners may face challenges navigating the online platform and understanding trading.
|Online brokers offer access to various and financial instruments. markets||Easy access might lead to impulsive trading and excessive transaction fees.
|Some online brokers have lower or no account minimum requirements.||Requires traders to make decisions without in-person or personalized guidance.
|Many platforms provide research tools, educational resources, and market news.||Online platforms can experience technical glitches or outages, affecting trading.
|Traders have direct control over their trades and decisions.||Online brokers may offer limited personalized assistance compared to traditional brokers.
|Online account registration and funding are usually quicker and more streamlined.|
Details about the JSE
📌The Johannesburg Stock Exchange (JSE) is based in South Africa where it has operated as a marketplace for the trading of financial products for over 132 years. The JSE connects buyers and sellers in equity, derivative, and debt markets.
📌The JSE is the largest stock exchange in Africa and one of the top 20 exchanges in the world in terms of market capitalization. As of August 2020, the market capitalization of the JSE was at US$1,005 billion.
📌The JSE is a member of the World Federation of Exchanges (WFE) and holds the chairmanship of the Association of Futures Markets (AFM).
📌The JSE offers an electronic, efficient, secure market with excellent regulation, trading and clearing systems, settlement assurance, and risk management.
📌JSE Market Data provides a range of reliable and transparent market data products to market professionals and data distributors. JSE Market Data supports multiple use cases that require live data for JSE-listed equities, derivatives, and bonds. This data is generated across the various markets throughout the trading day.
📌JSE Market Data also provides an extensive range of index, stock exchange news, historical, and reference data services.
10 Best Forex Brokers for 2023
Details about CFD Shares
📌 CFDs are Contracts for Differences. You get them for shares, commodities, forex, precious metals energy, and global stocks. Share CFDs are the most commonly traded CFDs in the marketplace.
📌 The CFD prices come from the price of the underlying stock that is the subject of the CFD. Trading share CFDs feels exactly the same as buying and holding shares as an investor but the difference is you don’t own the underlying asset. Instead, you’re speculating on the price movement of the stock.
📌 Share CFDs can be bought and sold easily on a broker’s trading platform. You take advantage of price movements in both rising and falling markets. Traders hope to make money by buying low and selling higher, or selling high and buying lower.
Forex Trading Africa Disclaimer
Trading share CFDs is highly speculative, involves a significant risk of loss and is not suitable for all investors.
Share CFDs are only suitable for traders who understand and are willing to assume the economic, legal and other risks involved; are experienced and knowledgeable about trading in derivatives and underlying asset types; and are financially able to assume losses significantly in excess of margin or deposits if trading on leverage and margin.
Forex Trading Africa aims to educate its readers on products and services available to access the global financial markets. Readers assume the risks of trading CFDs and trade independently of any information provided on the Forex Trading Africa website.
You might also like: How to buy JSE Shares
You might also like: Best Forex Brokers in South Africa
You might also like: Best Forex No Deposit Bonus
You might also like: How to Buy Pick n Pay Shares on the JSE
You might also like: Best Forex Trading Strategies
In Conclusion, buying Sasol stock requires working with a JSE-approved broker because buying directly from the JSE is unusual unless the company has a direct stock purchase scheme. The good news is that online brokerage costs are reasonable, typically falling between 0.25 and 0.5 percent each deal. Investors and traders can simply join Sasol’s journey and possibly profit from the company’s performance in the market by utilizing the services of these brokers. Always conduct thorough research before making any investment decisions.
Frequently Asked Questions
Can I buy Sasol shares directly from the JSE?
Generally, no. To purchase Sasol shares, you need to go through a JSE-approved broker. Direct acquisition from the JSE is rare unless Sasol offers a direct stock purchase plan.
How Do I Choose a JSE-Approved Broker?
Research is key in this case. Look for brokers with a good reputation, competitive fees, user-friendly online platforms, and a variety of investment options. Read reviews and compare offerings to find the right fit for your needs.
What Should I Consider Before Buying Sasol Shares?
Before investing, consider your investment goals, risk tolerance, and the overall health of the company. Research Sasol’s financials, recent performance, and market trends to make informed decisions.
Are There Any Alternatives to Buying through Brokers?
While it’s common to purchase shares through brokers, some companies offer direct stock purchase plans (DSPPs). However, this is not common in South Africa and might not be available for Sasol shares.
Does Sasol have shares for sale?
Sasol does have shares available for trader or investors to purchase on the JSE.
Is Sasol ltd a good investment?
Sasol has been listed on the JSE since 1993 and has been ranking in the Top 40 category on the JSE since registering. Sasol has been seen as n stable investment on the JSE.
How can you locate the Sasol Shares Price?
To locate the Sasol Shares price you can make use of Financial News Websites, Stock Market Tracking Apps, Johannesburg Stock Exchange (JSE) Website, Brokerage Platforms, Financial News Channels, Mobile Apps and Search Engines
Where can I see the Sasol share price in rand?
On a number of financial news websites, stock market tracking applications, or by going to the Johannesburg Stock Exchange’s (JSE) official website, you may check the Sasol share price in rand. The Sasol share price in South African rand (ZAR) is also accessible in real-time through a number of brokerage platforms and financial news outlets.
Why would Sasol share price be dropping?
The share price of Sasol, like any other publicly traded company, can drop for various reasons such as, Market Sentiment, Earnings and Financial Performance, Commodity Prices, Regulatory and Environmental Issues, Operational Challenges, Debt Levels, Competitive Pressures, Global Economic Conditions, Currency Exchange Rates and Geopolitical Events. All of these can substantially affect the share pricing.
When was Sasol made available on the JSE?
The South African Coal, Oil and Gas Corporation (SASOL), now known as Sasol Limited, filed for the JSE in 1993 and have been offering shares to investors and dealers since.
How can I check my Sasol Khanyisa shares?
There are a few methods you can use to check your Khanyisa shares. Some of them are Contact Sasol Investor Relations, Register for Shareholder Services, Contact Your Broker and Share Certificates.