Sasol’s shares fall as it warns of mixed interim results

Chemicals and energy group Sasol’s share price on the JSE fell by nearly 9% on February 7 after it said it was likely to report a mixed set of results for the six months ended December 31, 2022. During the interim period, Sasol benefitted from a stronger oil price, better refining margins and a weaker rand:dollar exchange rate, but that was offset by the impacts of weaker global economic growth, depressed chemicals prices and higher feedstock and energy costs.