Sasol’s surprisingly upbeat profit guidance rekindled hopes that the chemical and synthetic fuel producer, one of the worst performers on the JSE in 2020, may call off a plan to tap shareholders for a multibillion-rand cash injection.

In a trading statement on Friday, Sasol said cost control efforts resulted in what it called a "strong set of results" in the six months to the end of December, with earnings likely to have more than doubled...

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 Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now