Sasol restores dividend as fuel prices explode

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Energy group meets target of reducing net debt with higher prices offsetting operational woes

Chemicals and energy group Sasol has restored its dividend after about a two-year hiatus, with surging global commodity prices offsetting pressure on volumes and putting shareholders on track for a R9.34bn payout.

Adjusted core profit rose 48% to R71.84bn in the group’s year to end-June, as it benefited from improved demand and a 70% rise in the average dollar price of oil, which offset issues including coal and water quality, shutdowns, as well as safety incidents...

 

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