Nersa approves Sasol Gas’s price application for the 2027, 2028 financial years
Nersa approved Sasol Gas's maximum gas prices for 2027 and 2028, with R97.31/GJ for end-users and R92.44/GJ for traders in Q1 2026/27. Prices may adjust quarterly until 2028, with a 10% increase cap requiring Nersa approval. The decision aims to address gas supply changes and ensure cost recovery.
How this was made

The 30-second read
Why it matters
The approval provides price certainty for the next two fiscal years, affecting revenue forecasts.
Market read
Regulatory price approval is a material event for Sasol Gas and related energy traders in South Africa.
What to watch
Potential future regulatory changes or supply disruptions could alter the price framework.
Background
Nersa regulates energy prices in South Africa; Sasol Gas is a major domestic gas supplier.
Ticker impact
Nersa approved Sasol Gas's maximum gas price for FY 2027/28, setting R97.31/GJ for end‑users and R92.44/GJ for traders.
Potential modest upside for SLP as regulated price caps support revenue.
The new price ceiling provides cost certainty and a floor for gas sales, likely improving earnings outlook.
Market effects
Sets a benchmark for South African gas pricing, influencing other gas producers and utilities.
May stabilize South African gas market amid declining Mozambique volumes.
Limited global impact; primarily relevant to regional energy markets.
Counterpoint
If gas acquisition costs rise faster than adjustments, the price cap could compress margins.
Key entities
- RegulatorNersa
National Energy Regulator of South Africa
- CompanySasol Gas
Gas subsidiary of Sasol Ltd.


