EDITORIAL: Sasol rises into blue skies
Troubled oil-from-coal giant scraps plans to tap shareholders for R30bn
23 February 2021 - 05:10
The good news just keeps coming for shareholders in Sasol, the petrochemical giant that was teetering on the verge of collapse less than a year ago.
On Monday, the company said plans to tap shareholders for about R30bn have been scrapped, giving stockholders the biggest reason yet to throw a party as the company has raised enough money through self-help measures that include a punishing cost-cutting programme and the sale of assets...
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