Sasol’s market cap retreats R42bn this year
Its position has been eroded by climate concerns, leadership limbo and weaker oil and chemical prices
06 June 2024 – 18:28
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Sasol has witnessed a staggering erosion in investor equity so far in 2024, reflecting softer oil and chemical prices, in a company that is also grappling with shareholder pressure over carbon emissions.
On Thursday the share price picked up 1.49% to R120, valuing the company at about R77bn and paring losses so far this year to 35%. This is, however, way behind the top 40 index index, which is virtually flat. The drop since the start of the year has wiped about R42bn off the company’s market cap…
