Sasol launches major review of SA assets, but 'will not disinvest'
There's nothing off the table, except Secunda Synfuels, with the global group vowing the review does not mean retrenchments
Global fuels and chemicals group Sasol had begun a "retain, grow or sell" review of all its assets in which "nothing is off the table", except for the core Secunda Synfuels operations, joint CEO Bongani Nqwababa said on Monday.
Nqwababa said the review was not likely to result in retrenchments, allaying fear that the group would launch another severe cost-cutting programme. In 2014-15, Sasol restructured its operations for lower oil prices and about 2,500 jobs were lost.
Joint CEO Stephen Cornell insisted that Sasol remained committed to SA and Southern Africa and the move was not part of a plan to disinvest in SA.
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