Embattled chemicals and energy group Sasol warned on Tuesday it had swung into a hefty loss in its year to end-June, amid R112bn in writedowns, which exceeds its market capitalisation.
This was primarily writedowns related to its US operations, which have weighed heavily on the group in 2020, when its share price has halved...
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.