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Will Sasol’s Lake Charles project be completed in time

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Integrated energy and chemicals company, Sasol released its interim results today boasting a 32% jump in headline earnings per share largely driven by a rebound in oil prices for most of last year along with a weaker rand dollar exchange rate. The group has also raised its interim dividend by 18% and says that its flagship Lake Charles chemicals project in Louisiana is 94% complete and will deliver returns by 2022, this after announcing that the project had once again overrun its budget and would be delayed further. Business Day TV spoke with Sasol’s Joint-CEO Bongani Nqwababa for his perspective on the numbers and what it suggests for the company moving forward.
25 Feb 2019 2AM English South Africa Business · Business News

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