Sasol on track to avoid a rights issue
Chemicals producer delivers upbeat guidance with earnings likely to have more than doubled
31 January 2021 - 19:00
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...
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