Chemicals and energy group Sasol, which has seen its market capitalisation decimated in recent days as a result of a series of adverse developments, including a ratings downgrade, a big slump in the oil price and Covid-19-induced market volatility, broke its silence on Thursday afternoon when it issued a cautionary note to shareholders. In the note, the group indicated that various alternatives were being assessed to manage Sasol’s near-term debt-covenant constraints, including a potential equity issue.
