Sasol scraps dividend as Lake Charles continue to bite into profits

PUBLISHED: Mon, 24 Feb 2020 16:17:27 GMT

South African petrochemicals group Sasol’s headline earnings per share dropped 74 per cent to R5.94, weighed down by problems at its Lake Charles Chemicals project in the United States and softer chemical and Brent crude oil prices. CNBC Africa is joined by the Sasol CEO, Fleetwood Grobler for more.

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