Significant cost overruns and corporate governance failures at the US project has weighed on the group
06 March 2020 - 08:13A man walks past a Sasol synthetic fuel plant. Picture: REUTERS
The group reported that it had long-term debt of R121.28bn as of its half year to end-December, up 6.3% from the previous comparative period. This exceeds its market capitalisation of R106.26bn as of Friday morning. “We remain focused on managing the factors within our control — delivering safe, strong and stable operational performance and protecting the balance sheet as we bring the Lake Charles Chemicals Project to completion and start deleveraging,” he said.
About $1bn is due for refinancing by the end of 2020, but the bulk of it is three to five years out, Davids said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Will Camilla be called queen when Prince Charles becomes king?Clarence House responds to rumours Camilla will be called queen when Prince Charles becomes king
Read more »
BHEKI NTSHALINTSHALI: Neoliberal Treasury is making workers pay for politicians’ errorsCutting back the number of public servants will increase unemployment and reduce the chances of recovery
Read more »
TUT pursues court interdict to prevent further disruptionsThe Tshwane University of Technology (TUT) on Wednesday said it intended to apply for an urgent interdict from the high court in Pretoria to prevent further disruptions of academic activities.
Read more »
TUT pursues court interdict to prevent further disruptionsThe Tshwane University of Technology (TUT) on Wednesday said it intended to apply for an urgent interdict from the high court in Pretoria to prevent further disruptions of academic activities.
Read more »
Basketball Africa League postponed due to the spread of the coronavirusThe much anticipated start of the Basketball Africa League (BAL)‚ the first premier competition of its kind in the sport on this continent‚ has been postponed due to the spread of the coronavirus.
Read more »
Tshwane dissolved due to a cocktail of problems: MaepaANC chairperson in Tshwane Dr Kgosi Maepa said the Democratic Alliance was to blame for the lack of service delivery in Tshwane.
Read more »