Sasol cuts output as Covid-19 eats into fuels and chemicals demand

Embattled chemicals and energy group Sasol reports that South Africa’s lockdown is having a significant impact on fuel demand, as well as demand for chemicals used in the mining and construction sectors. The JSE-listed group has, therefore, been forced to curtail production at certain plants. In a statement to shareholders on April 23, Sasol said production rates at its Secunda Synfuels Operations (SSO), in Mpumalanga, had been cut by 25%.