Shares in Sasol, which is grappling with major cost overruns in the US, are still too expensive despite halving in value in less than a year, says one of the country’s top stockbroking houses.

SBG Securities, which is part of Standard Bank, the biggest bank in SA by assets, also said that the chemicals and energy company may have to cancel its final dividend, sell assets and issue new shares to raise funding as it faces the risk of having its debt downgraded to junk status...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now