Sasol reports an annual loss of over 91 billion
Written by Lethiwe Mdluli on 18 August, 2020
Petrochemical giant Sasol has reported an annual loss of over 91-billion-rand for the financial year to June.
The large loss represents a big turnaround from a profit of 18-point-nine-billion-rand in the previous financial year.
The company’s total debt has increased to 189-point-seven-billion-rand.
Sasol CEO, Fleetwood Grobler, told Business Day TV they expect oil prices to remain low for the next 12 to 18 months as the impact of the coronavirus pandemic becomes better understood:
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