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Sasol - Implications of the Rand at R14/USD

Oil & Gas Producers - 16 July 2019

The rand has strengthened to under R14/USD whilst Brent oil is currently $67/bbl. Sasol earnings are sensitive to both variables, but chemical prices are also important, having weakened of late. The 2019 financial year is now history, so attention now turns to F2020. Ingham Analytics say that until there is clarity on Lake Charles in the US, the market will continue to discount the stock.

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