Sasol’s lake of fire
Another cost overrun at the Sasol project has hammered the share price and management’s credibility, writes Lisa Steyn
02 July 2019 - 12:11
Ever since Sasol’s ambitious Lake Charles Chemicals Project (LCCP) was first mooted, investors were concerned about potential cost overruns and delays.
Their fears were realised when, on May 20 this year, the oil and chemicals giant alerted the market to a third cost overrun at the Louisiana plant...
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