Sasol had more than R13bn of its market value wiped out on Tuesday after SA’s biggest energy and chemicals producer gave half-year profit guidance that came in below forecasts.
Sasol is the country’s biggest producer of fuel derived from coal and its operations are sensitive to international oil and chemical prices, which rose significantly in 2022 before subsequently cooling off...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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