Sasol jumps as much as 50% as oil price recovers a little
The embattled chemicals and energy group’s share price rose as much as 50% at one point on Friday, before paring gains
13 March 2020 - 11:31
Shares in Sasol rose as much as 50% on Friday, on track to snap a seven-session losing streak, a day after the synfuel maker said it is working on measures to to address pressure on its balance sheet.
The Sasol share price has still lost more than three-quarters of its value over the past week, battered by an oil price crash and concerns over its debt levels...
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