Chemicals group Sasol’s share price slumped almost 12% on Friday after it warned that its embattled mega-project in the US, Lake Charles, would earn only half what it had previously expected in its 2020 year.

Following a fire and explosion at Lake Charles in January, the project is expected to contribute between $50m (R744m) and $100m to earnings before interest, taxation, depreciation and amortisation (ebitda) in the group’s year to end-June 2020.

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