Tag: karl gevers
Sasol’s joint CEOs Bongani Nqwababa and Stephen Cornell voluntarily resigned following a review of its Lake Charles Chemicals project, which has been hit by delays and rising costs. Sasol’s share price has lost more than a third of its value in 2019 and has declared that they will not declare a dividend in this reporting period. Portfolio Manager at Benguela Global Fund Managers, Karl Gevers joins CNBC Africa for more.
Sasol has announced that it has completed its review into cost overruns at its Lake Charles project and expects to release its results on the 28th of October. The company is at risk of a suspension on the JSE because of the delay. Joining CNBC Africa for more is Karl Gevers, Portfolio Manager at Benguela Global Fund Managers.
Steinhoff has posted a loss of R8.9 billion for their six month financial performance ended March. The global retail conglomerate also reported a revenue jump from continuing operations of 2.9 per cent. Karl Gevers, Portfolio Manager at Benguela Investments joins CNBC Africa for more.