Sasol’s share price dropped 8% on Friday as the market braces for poor annual results from the chemical and synthetic fuels group.

In a trading statement on Friday, Sasol said its headline earnings per share for the financial year ending in June 2020 are expected to decrease by at least 20% compared to the R30.72 reported for the 2019 financial year.  Earnings per share (EPS) are also expected to decrease by at least 20%.

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