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All that glitters?

General - 2 February 2021

Sasol is always a topical subject and they have just issued an updated note entitled “All that glitters?” following on from the recent trading statement. They say that the Sasol trading statement for the six months ended 31 December 2020 seems quite good at first glance but less so in reality. The possibility of a $2bn rights issue remains a sword of Damocles for the valuation.

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