Sasol benefits from oil’s recent rise. The price of Brent crude oil topped $86 per barrel early last month but has

since fallen back.

Sasol says the recent higher oil price and a weak rand will help lift its

first-half earnings.

In a trading statement yesterday, it said it expected to deliver a solid set

of results for the six months to end-December, underpinned by the oil and

product prices and a satisfactory performance of its global assets.

The oil and chemicals group said earnings before interest, tax, depreciation

and amortisation will be between 10% and 30% higher, while core headline

earnings per share may be up by between 15% and 35%. Earnings per share are

expected to increase by between 80% and 100%.

Our underlying cash flow performance and earnings are expected to be much

stronger than the period ended 31 December 2017," Sasol said.

However, Sasol said its results for the period may be further affected by

actual trading results in the remaining period until the end of December,

which could change its current estimates.

The price of Brent crude oil topped $86 per barrel early last month but has

since slipped back to just above $60. The rand traded above 15.40 rand against the

dollar in early September. It ended below R14/$ yesterday.

Sasol closed 1.4% down at 431.50 rand yesterday.

> Does anyone know if Sasol, Bp, Caltex or Engen Garage has a Black Friday

special? am just asking for a FRIEND maan

>

> -- MixwellSummer 30TH NOV (@PurariPE) November 21, 2018