An implosion in Sasol’s share price — after a stunning collapse in oil prices — means the petrochemicals company will almost certainly have to go to the market to raise money to deal with its crippling debt.

Sasol’s shares sank an unprecedented 46% on Monday after Saudi Arabia launched an oil price war, largely to force fellow Opec producer Russia to agree to production cuts.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now