Tag: covi-19 outbreak
“It is the worst I could have ever imagined. I mean if somebody had told me such a thing is possible, I would have disputed that.- I don’t think the world has seen anything like it is going through at the moment,”
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.
Super Group followed the slew of negative earnings coming out of JSE-listed companies today. The logistics group's headline earnings per share decreased by just over 12 per cent to 153 cents and selected not to pay a dividend but is considering a share buyback programme. It attributed the drop to the difficult trading conditions in all the geographies within which it operates. Super Group CEO, Peter Mountford spoke to CNBC Africa’s Chris Bishop and Nesan Nair, Senior Portfolio Manager, Sasfin Securities.