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Sasol announces new CEO

# Chemicals and energy group Sasol has appointed Simon Baloyi as its new CEO who will take over in April next year. He succeeds Fleetwood Grobler, who will continue with the company as an executive advisor until December 31st next year, to ensure a seamless handover. Sasol says it believes that his strategic outlook, excellent leadership skills, technical and business acumen and deep experience in operations will stand Baloyi in excellent stead to take over the helm. Sasol is valued at 146.8-billion-rand on the Johannesburg Stock Exchange.