In a sign that the worst of the Lake Charles fiasco may be behind it, Sasol announced improved production rates at the embattled US project, causing the share price to jump 11.7%, the largest single day gain since October 28 when Sasol announced its joint-CEOs would step down.

At R305.58, Tuesday’s closing share price also marked the highest price level since September 16 when Brent crude oil experienced its sharpest price jump on record after a drone strike took out Saudi Arabian oil facilities.

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 exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now