Another cost blowout at Sasol’s ambitious Lake Charles Chemicals Project of more than $1.1bn (R15.8bn) — in just three months — has sparked investor fury over management’s "reckless" use of shareholder funds.

The shock news hit the market on Wednesday when Sasol announced that the huge Louisiana chemicals project would cost between $12.6bn and $12.9bn, almost 45% higher than its initial estimate of $8.9bn at the time the investment was announced in 2014.

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