Sasol up to the task of handling volatility, says CEO Fleetwood Grobler
Grobler points to efforts to beef up cash generation after profit plunges by more than a third
26 February 2024 - 09:41
UPDATED 26 February 2024 - 20:15
Sasol, SA’s biggest producer of liquid fuel from coal, is working on a package of measures to beef up its cash flow generation after its half-year profits plunged 34% due to weaker oil and chemical prices.
Sasol, which operates mainly energy and chemicals businesses, is one of the largest corporate taxpayers in SA, where it is responsible for more than 20,000 permanent employees. In the past financial year alone it was responsible for R13.9bn in direct taxes...
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