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Apex Trader Funding (ATF) - News

Sasol Soars On Pipeline Payday: Court Awards $344M in Tariff Dispute

Sasol Limited (NYSE:SSL) shares are trading higher after the company was awarded compensation in a High Court ruling against Transnet. On June 18, the High Court ruled in favor of Sasol Oil and TotalEnergies, awarding Sasol Oil damages of 3.89 billion rand (US$217 million) plus about 2.3 billion rand in interest, for a total of about $344 million. Transnet SOC Ltd., through its business unit Transnet Pipelines, transports crude oil for Sasol Oil and TotalEnergies SE (NYSE:TTE) Marketing Ltd from Durban ...