It is also targeting sales of 50–51 million barrels of liquid fuel for the financial year 2020, against 57–58 million barrels previously, it said.
The group, which is also facing high debt levels and falling oil and chemical prices, said it has decided to suspend production at its inland crude oil refinery Natref from April 9. A further reduction in rates may be required depending on further developments in the fuels market, the company added.
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South Africa business confidence slumps to 7-month lowSA business confidence slumped to a seven-month low in March even before the full impact of the coronavirus was transmitted through the economy. busrep Day13ofLockdown busrep
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