Sasol shares fall despite ‘watershed year’
Share price has biggest one-day fall in a month as investors look past earnings rebound to climate concerns
Despite a major rebound in Sasol’s earnings and a near halving of the synthetic fuel and chemical producer’s debt, the market was unconvinced by annual results as the group’s share price closed 5% lower on the day.
On Monday, the group reported a resurgence in headline earnings per share of R39.53, against a loss of R11.50 in 2020. Sasol also slashed its debt to R102.9bn from R189.7bn...