Sasol Limited Shares Eye R80.29 as JSE Bulls Reclaim Momentum
Sasol Limited (JSE: SOL) is looking strong on the JSE after navigating the 2025 headwinds. Trading at R67.25, Sasol shares have bounced...
Quick overview
- Sasol Limited shares are currently trading at R67.25, showing resilience after bouncing off the R63.46 support level.
- The company has reduced coal production by 2 million tonnes while improving coal quality to maintain operational efficiency.
- Sasol is focused on cost discipline with FY25 capital expenditures expected to be between R28–R30 billion.
- A breakout above R70.00 could lead to price targets of R74.45 and R80.29, while key support levels are at R63.46 and R59.49.
Sasol Limited (JSE: SOL) is looking strong on the JSE after navigating the 2025 headwinds. Trading at R67.25, Sasol shares have bounced off the R63.46 support and are above the 50-period EMA at R67.10.
This comes after Sasol took decisive action to mitigate the operational risks. The company cut its own coal production by about 2 million tonnes and supplemented with higher grade coal to maintain gasifier efficiency. The destoning project to improve coal quality is on track for H1 FY26.
Updated Production Outlook:
Mining output: 28–30 million tonnes
Cost per tonne: R650–R670
Fuel sales: 1–3% below FY24 levels
Capital Discipline and Emissions Compliance
Sasol Limited is focused on cost discipline in a uncertain macro environment. Cash fixed costs are growing below inflation and FY25 capex is expected to be at the lower end of R28–R30 billion.
Sasol got renewed Atmospheric Emissions Licenses (AELs) for Secunda Operations and Natref in early 2025. This ensures business continuity and signals improved regulatory alignment as South Africa moves to a more flexible carbon tax regime.
The group also exited the US Phenolics business in March and shutdowns at Greens Bayou and Winnie in Texas are scheduled for later this year.
Hedging is a key part of Sasol’s planning. The FY25 programme is locked in at US$64/bbl Brent crude and FY26 hedges average around US$60/bbl – providing downside protection.
SOL Price Setup: Watch R70.00 for Breakout
From a technical perspective Sasol Limited is in recovery mode. The RSI is at 58.3, momentum is building but not yet overbought. Price is testing the 50% Fibonacci level at R66.67 and close to the next resistance at R69.92.
A confirmed breakout above R70.00 could see a move to R74.45 and even R80.29. If momentum fades R63.46 and R59.49 are the key support levels to watch.
Trade Setup for Beginners:* Entry: Above R70.00
Target: R74.45 – R80.29
Stop Loss: Below R63.46
Pro Tip: Let the breakout confirm on volume. Don’t enter before confirmation.
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