Welcome!

News Feed Item

Frost & Sullivan Honours Sasol for Continuing to Evolve its Innovation Strategy to Serve New Markets and Stay Relevant

- Sasol has had an undeniable impact on the South African society and economy and continues to expand rapidly into a multinational company

CAPE TOWN, South Africa, Aug. 19, 2014 /PRNewswire/ -- Based on its recent analysis of the chemicals and materials market in the energy sector, Frost & Sullivan recognises Sasol with the 2014 African Frost & Sullivan Award for Visionary Innovation. Through its Group Technology function, Sasol's continuous search for new ways of innovation places it among the cream of South African innovators and underlines its commitment to understanding and leveraging the Mega Trend of 'Innovation to Zero'.

Companies in the energy sector are expected to increasingly become a part of the 'Innovation to Zero' movement through zero emission technologies (wind power, renewables) and full beneficiation of resources (coal, steel, platinum). Sasol, for its part, innovates around its own environmental footprint, resources capital, people, as well future business. By focusing on lower-carbon technologies, it has demonstrated a robust understanding of the concept of Innovation to Zero. The company's closest competitor, although a pioneer of a number of best practice innovation concepts, has limited its focus to sectors that support only incremental innovation.

"Central to innovation are the three principles of: innovation process, knowledge and competency, and organisational support; Sasol has a strong foundation in all three," said Frost & Sullivan Team Leader for Chemical Materials & Food, Avril Harvey. "It has comprehensive knowledge management tools in place and the main body of the organisation supports innovation as a core function."

Owing to its determination to address market requirements, Sasol's services and products have evolved to suit current needs. It has ensured a constant high standard of research facilities and systems to deliver technical opportunities and excellence as well as guarantee sustainable growth and profits. It also has a strong intellectual property (IP) portfolio, which currently boasts more than 300 active patent families.

Sasol is growing at an impressive rate, and is already in the top 10 most valuable companies on the Johannesburg Stock Exchange. It is also the world leader in coal-to-liquids (CTL) and operates the second largest commercial gas-to-liquids (GTL) facility.

"Sasol is currently building a world-scale ethane cracker and downstream derivatives units and a 96 000 barrels per day GTL facility in the US; the largest ever foreign direct investment in Louisiana," noted Harvey. "In Southern Africa, it is involved at all levels of the development of human capital through its various programs that extend from schools to advanced post graduate programmes."

Overall, Sasol's history of innovation and unceasing focus on keeping pace with market needs make it a worthy recipient of the 2014 African Frost & Sullivan Award for Visionary Innovation in the chemicals and materials market in the energy sector.

Each year, Frost & Sullivan presents this award to the company that has demonstrated the understanding to leverage global Mega Trends, integrate the vision into processes to achieve strategic excellence. The award recognises the efficacy of the recipient's innovative process and the impact it has on business and society at large.

Frost & Sullivan Best Practices awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About Sasol

Sasol was established in 1950 in South Africa and and was a global frontrunner in developing commercial ability to convert coal to liquid fuels and chemicals (CTL). Sasol remains a large investor in South Africa and contributes significantly to skills development and technological research and development in the country.  The company is listed on the JSE Limited in South Africa and on the New York Stock Exchange in the US.

Sasol is a global producer of synthetic fuels and is also involved in coal mining in South Africa; natural gas and condensate production in Mozambique, oil extraction in Gabon and exploitation of shale gas in Canada. Sasol also has a retail presence, currently only in South Africa, for liquid fuels and industrial gas and provides fuel wholesale to other countries in the region.

For over 60 years, Sasol has been developing and commercialising innovative energy-related technologies, first with coal as a feedstock, then with gas. Into the future, Sasol plans to continue to develop, along with changing market needs and expectations, moving toward the current need for energy. 

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:   Start the discussion

Join Us:      Join our community

Subscribe:    Newsletter on "the next big thing"

Register:     Gain access to visionary innovation

Contact:

Samantha James
Corporate Communications – Africa
P: +27-21-680-3574
F: +27-21-680-3296
E: [email protected] 
T: @FrostSullivanSA 
http://www.frost.com

Alex Anderson
Head | Group Media Relations
P: +27-11-441-3295 
F: +27-11-219-1126 
E: [email protected] 
www.sasol.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
SYS-CON Events announced today that IBM Cloud Data Services has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. IBM Cloud Data Services offers a portfolio of integrated, best-of-breed cloud data services for developers focused on mobile computing and analytics use cases.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and ...
The Internet of Things (IoT) is growing rapidly by extending current technologies, products and networks. By 2020, Cisco estimates there will be 50 billion connected devices. Gartner has forecast revenues of over $300 billion, just to IoT suppliers. Now is the time to figure out how you’ll make money – not just create innovative products. With hundreds of new products and companies jumping into the IoT fray every month, there’s no shortage of innovation. Despite this, McKinsey/VisionMobile data...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
@DevOpsSummit taking place June 7-9, 2016 at Javits Center, New York City, and Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 18th International @CloudExpo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
As machines are increasingly connected to the internet, it’s becoming easier to discover the numerous ways Industrial IoT (IIoT) is helping to shape the business world. This is exactly why we have decided to take a closer look at this pervasive movement and to examine the desire to connect more things! Now if you need a refresher on IIoT and how it is changing the world, take a moment and listen to Greg Gorbach with ARC Advisory Group. Gorbach believes, "IIoT will significantly change the worl...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
"What we see what happens when you have a completely networked society and the potential to now drive the value creation and the collaboration and the ecosystems that are possible when you start to be able to connect people and industries together in ways that have never been possible before," explained Esmeralda Swartz, VP of Marketing Enterprise & Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA.
How will your company move to the cloud while ensuring a solid security posture? Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is ...
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
SYS-CON Events announced today that Zerto will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Zerto is committed to keeping enterprise and cloud IT running 24/7 by providing innovative, simple, reliable and scalable business continuity software solutions. Through the Zerto Cloud Continuity Platform™, organizations can seamlessly move and protect virtualized workloads between public, private and hybrid clou...
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...