Sasol drops again after unveiling plan to tap shareholders for up to R33bn
The company, which is battling R162bn in debt because of its US chemical project, is seeking to raise about R89bn through various initiatives
17 March 2020 - 09:14
Sasol's shares plunged another 16%, taking its 2020 decline towards R90bn, as it unveiled plans to raise as much as $6bn (about R98bn).
Those plans include tapping investors for $2bn as it battles to stabilise a balance sheet under strain from plummeting oil prices...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.