Africa Business News: Sasol Sees Loss After Writedown on Slump in Oil, Chemicals

Overhead lighting illuminates pumps on the forecourt of a Sasol Ltd. fuel station in Pretoria.

Photographer: Waldo Swiegers/Bloomberg

Follow us @middleeast for more news on the region.

Sasol Ltd. said it will swing to a full-year loss per share after writedowns on U.S. chemical assets contributed to 112 billion rand ($6.3 billion) of charges and oil prices declined.

The South African fuel and chemical…

Source link

About Author: ACM
This information is 3rd party content that is added to ACM strictly for non-commercial informational purposes. Information is the Key to Set the Black Mind Free