Sasol expects headline earnings to decline

Business

Johannesburg – Sasol says its profits will be lower when it releases interim results soon.

The energy giant said it has been weighed down by coal challenges in South Africa and accounting adjustments.

The company is expecting headline earnings in December to be up to 26% lower even as higher oil and chemical prices helped to lift profit margins.

Sasol said wet weather, including the heaviest rains in Mpumalanga in almost two decades in November, disrupted coal supply.

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