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
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. ..