Sasol will execute rights issue in 2021 calendar year as it refines ‘ticket size’

Debt-laden chemicals and energy group Sasol confirmed on Monday that it was preparing to execute a rights issue during the second half of its 2021 financial year, despite reporting that it was on track to deliver disposals of greater than $2-billion and exceeding its initial cash conservation target. Sasol reported savings of $1-billion for the year to June 30, 2020, and has indicated that a further $1-billion in savings is targeted for the current financial year.