Sasol keeps rights-issue powder dry having ‘banked’ $3bn in disposals

Debt-laden chemicals and energy group Sasol is keeping its rights-issue powder dry, indicating on Wednesday that a final decision on any possible issuance, including its scale, will depend on various factors, including whether or not it is successful in completing yet more asset disposals. CEO Fleetwood Grobler reported on Wednesday that a “go or no-go” decision on the rights issue would be announced in February, when the group was scheduled to release its interim results for the 2021 financial year.