Sasol share hits 15-year low as the bad times roll on
The chemicals group has been beset by problems at Lake Charles but believes cash will begin to flow from the US operation in its second half
24 February 2020 - 08:29
UPDATED 24 February 2020 - 10:09
As Sasol struggles to shake off the effect of the Lake Charles fiasco in the US, a second wave of pain, due to low oil and chemical prices, has compounded its troubles.
Shares in SA’s largest chemicals company fell to a 15-year low after it reported a 74% plunge in half-year earnings and a spike in debt and decided to withhold its dividend. ..
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.