Lake Charles project stake may be among assets sold to cut debt1
Ordinarily, news that a company would be writing down assets by more than R100bn would have sent investors scuttling for life rafts and shares tumbling.
But Sasol's trading update on Tuesday for the year ended June, in which it said it would have to write down its chemicals and energy assets by R112bn, was shrugged off by the market, with its share price ending the day up more than 4%...A subscription gives you full digital access to all Sunday Times content.Registered on the BusinessLIVE, Business Day, Financial Mail or Rand Daily Mail websites? Sign in with the same details.
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.
It's official: Matric exams to run from November 5 until December 15The results will be out on February 23 2021
Read more »
How gold’s evolution into a ‘must-have’ asset is storing up troubleInvestors have gone from treating the metal as a short-term trade to regarding it as a ‘must-have’ asset
Read more »
SA looks set to remain only option for tackling Zimbabwe crisisThe fate of the troubled country is not on the agenda of the Sadc heads of state summit on Monday
Read more »
SA looks set to remain only option for tackling Zimbabwe crisisThe fate of the troubled country is not on the agenda of the Sadc heads of state summit on Monday
Read more »
Survey: Around 3 million jobs affected in SA as a result of lockdownIn his address to the nation last night, President Cyril Ramaphosa said government, labour and business are working on an economic recovery plan for the country.
Read more »