Home Business and Technology Sasol’s share price halves as oil price crashes

Sasol’s share price halves as oil price crashes

Sasol

Chemical group Sasol may see its worst day on the market in its history on Monday. Its share price halved on Monday morning as global oil counters were battered by the oil’s biggest daily loss since 1991.

Sasol produces synthetic oil from coal, and its share price fall wiped about R50-billion off its market capitalisation.

Sasol

The oil price earlier fell as much as 31 percent after the Saudi move to start a price war. This follows Russia’s refusal on Friday to put production cuts proposed by Opec into effect.

In other news – Who nailed it – Minnie Dlamini VS Bonang Matheba at the Miss MS 2020 (Pictures)

Who nailed it – Minnie Dlamini VS Bonang Matheba at the Miss MS 2020 (Pictures)! Two of Mzansi’s favourite females, Minnie Dlamini, and Bonang Matheba graced the Miss Mamelodi Sundowns 2020 on Sunday evening.

Bonang Matheba and Minnie Dlamini

Just for the sake of debate or point of view, we have gone through what they were wearing on the night and we would love to see your views from this subject. The duo looked lit in their different comfy dresses, however, who nailed the look better? Read more

Source: eNCA