Sasol met with fund managers as US plant’s costs climbed
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Sasol, South Africa’s biggest company by revenue, said it held meetings with shareholders as dissatisfaction grew over cost overruns at the $13bn (nearly R200bn) Lake Charles chemical project in the US. The meetings began after Sasol raised the estimated cost of the project by $1bn (over R15bn at current rates) in May, having increased it only three months earlier, the company said in a response to questions. On August 16,…
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