The petrochemical group says 'unprecedented low oil prices' and impairments of R111.6 billion resulted in a loss of R91.3 billion.The group expects global oil prices to remain low for up to 18 months. The company's total debt has increased to R189.7 billion.Sasol has ended a turbulent year with a loss of R91.3 billion.The petrochemical group's year…
Sasol has sent a letter to employees warning of upcoming jobs cuts.The petrochemicals company says it is under severe financial pressure and won't survive the crisis unless stringent actions are taken.The group's bottom line has been hammered by a plunge in global oil prices. Sasol will begin dismissing employees from mid-August as part of a cost…
Sasol se logo buite die maatskappy se kantore in Johannesburg. Foto: Nadine Hutton, Bloomberg Sasol [JSE: SOL] has received offers from firms including Ineos Group for a large stake in a US chemical complex it is selling to shore up its finances, according to people familiar with the matter.Chevron Phillips Chemical and LyondellBasell Industries are…
ST. LOUIS — Missouri healthcare advocate Leslie Ortbals and her husband want to start a family, but she worries they can’t afford it. The 27-year-old said she takes 10 medications daily to manage multiple chronic illnesses. Now she worries the cost of those drugs could rise — not because of price increases, but because of
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Health officials in Finland have declared that a major Salmonella outbreak has ended. More than 100 people fell sick in 11 countries as part of the multi-country outbreak linked to alfalfa sprouted seeds from India. In spring this year, Salmonella Bovismorbificans illnesses were detected in Finland. The cluster included 64 people, who were suspected to