Sasol, which has been grappling with major cost overruns at its Lake Charles chemicals project in the US, has written down the value of assets in North America and Africa by R18.1bn — the equivalent of about 9% of the group’s market value.

The company, which benefited from higher oil prices in the year to end-June, said that because of the impairments, full-year earnings per share probably plunged between 46% and 56%...

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