Sasol anticipates sharp decline earnings

Sasol's anticipates sharp decline in headline earnings of up to 77%. According to analysts, the company's shift to becoming a chemicals business in the last 5 to 8 years has been a major factor affecting the bottom line. The fuel and chemical maker is set to record a net loss of R55,8 billion mainly due to impairments. These include the Chemicals America business and Chemicals Africa's operations. It's Secunda liquid fuels refinery remains fully impaired as of 30 June 2024. Sabc News reporter Nosipho Radebe has the story. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.