A good week

The soaring oil price is good news for Fleetwood Grobler, Sasol CEO. Not only does it mean that he’s likely to avoid a rights issue this year, it has contributed to Sasol’s share price soaring 90% in the past three months alone. This, coupled with the relative success of Sasol’s recovery plan, bodes well for the petrochemical company. Great news for Sasol shareholders maybe, less so for South Africans bracing for the inevitable fuel hike...

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