Industry News

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08
Mar

For Russians – already paying under R8 a litre – petrol is getting cheaper fast

Russia's invasion of Ukraine is driving up petrol prices around the world, and sanctions threaten Russia with inflation. But Russians won't be feeling it at the pump. The price of petrol – already shockingly low by South African standards – is falling sharply. Russia is a big producer of fuel, and has fewer and fewer places to sell it. For more stories go to www.BusinessInsider.co.za. South Africans are now paying a…

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04
Mar

Thanks to Russia, Sasol shares are now up 1,130% from their 2020 pandemic low – so far

Sasol shares climbed above R370 each in intraday trade on Tuesday, up more than 5% on the day and nearly 10% this week. Less than two years ago, you could buy those same shares for under R30. In March 2020, investors freaked out about a pandemic-hit oil price, while Sasol was struggling with debt and a disastrous megaproject in North America. Its shares were already recovering alongside the global economy.…

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