Sasol’s high-octane burnout
Darling of SA industry on the ropes as soaring junk-rated debt, virus and oil price converge
15 March 2020 - 00:10
Sasol, one of SA's most successful and valuable companies, flirted with the financial undertakers this week, shedding 46% of its value in a single day that sent shivers through investors' veins.
A near-lethal cocktail of spiralling company debt, the coronavirus that roiled world markets and a raging oil price war between super producers Saudi Arabia and Russia brought the company to the brink...
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