Sasol sees low oil prices persisting to 2017, but expects strong upswing by decade’s end

Sasol sees low oil prices persisting to 2017, but expects strong upswing by decade’s end

Energy and chemicals group Sasol reported a 17% fall in headline earnings to R49.76/share in the year to June 30, 2015, with a strong operational performance offset by a sharp weakening in market conditions, including a year-on-year oil price decline of 33%. Outgoing President and CEO David Constable indicated that the group expected oil prices […]

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Robot manufacturer showcases drones at Cisco Live

Drone and robot developer CyPhy Works showcased its LVL1 drone at Cisco Live in San Diego, in the US, on Wednesday.  The drone was also launched on crowdfunding website Kickstarter and fulfilled technology giant Cisco’s aim of connecting everything to the Internet, with the drone equipped with WiFi and global positioning system (GPS) capabilities. Cisco […]

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