Sasol pulls back on capex as it seeks to deleverage from ‘peak gearing’
Channel: Engineering News
Date: 2020-02-25

Energy and chemicals group Sasol has indicated that its capital expenditure (capex) will continue to taper during its 2020 and 2021 financial years as the group seeks to deleverage a balance sheet that reached “peak gearing” of close to 65% in the six months to December 31, 2019.