Sasol’s share price is likely to rise on Friday, tracking international oil prices that jumped 3% to $56 a barrel after US President Donald Trump ordered a missile strike against a Syrian air base in retaliation for a chemical attack on a rebel-held area. Gold and platinum miners may also benefit from the tension between the US, and Russia and Iran, which back Syrian President Bashar al-Assad. Gold rose 1% to $1,263/oz and platinum 0.9% to $963/oz. SA appears before the International Criminal Court (ICC) in the Hague on Friday for not arresting Bashar when he attended an African Union (AU) summit in Johannesburg in June 2015. Eskom had its credit rating cut to B+ from BB- by S&P Global Ratings on Thursday night, moving the power utility four notches into junk status. S&P said its decision reflected the government’s weakened ability to prop up Eskom after SA’s sovereign credit rating was cut to BB+ from BBB- on Monday. Despite widespread rumours within the banking industry that Fitch...
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