BizNews BizNews Radio

Sasol’s comeback confirmed in FY22's numbers - 20-bagger does a Lazarus since despair of March 2020

Loading player...
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
23 Aug 2022 11AM English South Africa Investing · Business News

Other recent episodes

Boardroom Talk: RIP RW Johnson - leaving a huge hole in your nation's heart

In today's Boardroom Talk, Alec Hogg confirms the death of RW Johnson, one of South African political writing's sharpest and most combustible voices, and reflects on a decade of working with him: the audiobook that started it, the necrotising fasciitis he refused to let slow him down, the Steenhuisen column…
22 Jul 5AM 19 min

Unlocking High-Yield Private Debt: The Jaltech Income Opportunities Fund

Join the leadership team at Jaltech for an exclusive overview of the new Jaltech Income Opportunities Fund - a spin-off from their highly successful Section 12J investment strategy. Designed to target structured debt funding for established, mid-sized South African businesses, this fund addresses an unserved niche left open by traditional…
24 Jul 5AM 29 min

BN Daybreak: Zille on Joburg's last chance; AI stock warnings; Cape gangs; Civic tech

In today's BizNews Daybreak, Helen Zille warns Johannesburg faces its final chance to reverse municipal collapse. Heindrich Wyngaard explains why military presence alone cannot dismantle the Cape Flats' deep-rooted gang economy. Lance Dickson introduces "Ryze," a platform channeling public rage into organized civic action. Finally, Sean Peche cautions investors against…
23 Jul 11PM 15 min
All episodes