Sasol swings to R91.3bn annual loss on lower oil prices, writedown

South African petrochemicals group Sasol reported an annual loss on Monday, hit by a writedown of R111.6-billion and a drop in oil and chemical prices due to the coronavirus outbreak. The world’s top producer of motor fuel from coal reported a loss of R91.3-billion for the full year ended June 30, compared with earnings of R6.1-billion in the prior year.