Sasol’s comeback confirmed in FY22's numbers - 20-bagger does a Lazarus since despair of March 2020
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Two years ago SA’s fuel-from-coal and chemicals champion Sasol was selling off assets to urgently raise cash - and preparing to ask shareholders for a $2bn bailout. Today the business is released financial results for the year to end June which reveal a business back in rude health, one that declared a dividend, cut debt and looks well set for the future. In this interview CEO Fleetwood Grobler shares valuable lessons learnt from the near-death experience - and how different life is for the ‘twenty bagger’ whose share price peaked above R420 in May - having fallen to just above R20 two years earlier. He spoke to Alec Hogg of BizNews. Learn more about your ad choices. Visit megaphone.fm/adchoices
