Sasol: investors dump portfolio stalwart
Sasol’s costly Lake Charles project has battered its shares to 10-year lows, but a rights offer is not on the cards – yet
22 August 2019 - 05:00
To say Sasol bit off more than it can chew in Louisiana would be a gross understatement.
But to its critics, the Lake Charles Chemicals Project (LCCP) fiasco is the latest proof of Sasol’s woeful track record in mega-projects — and yet another indicator that local portfolio managers should reconsider their attachment to the company...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.