Chemicals and energy group Sasol has entered into a $2bn agreement to sell part of its Lake Charles business to multinational chemicals group LyondellBasell.
The deal will help cut net debt before lease liabilities to about $8bn from $10bn, Sasol said, with the group still considering a $2bn rights issue in the first six months of 2021.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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Sasol agrees to sell part of Lake Charles for $2bnSasol to form a joint venture with LyondellBasell, which will then own half of the Lake Charles base chemicals business
Source: BDliveSA - 🏆 12. / 63 Read more »
Sasol agrees to sell part of Lake Charles for $2bnSasol to form a joint venture with LyondellBasell, which will then own half of the Lake Charles base chemicals business
Source: BDliveSA - 🏆 12. / 63 Read more »
This is how seven people ‘got their fibrils into R255m asbestos tender’The accused in ‘dodgy’ Free State project face 60 charges, including money-laundering, corruption and fraud What are the charges? I hope 'donating to ANC members' is one of the charges bcos it would mean we will soon see arrests for those who 'donated' for the CR17 bribes and the fundraiser Is Ace also among that 7? Yhoo Asbestos🤔
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Hawks swoop on KZN Transport officials in link to taxi bribery racketFive KwaZulu-Natal Department of Transport officials, who allegedly took hefty bribes in exchange for issuing permits to taxi operators without the proper documentation, were arrested by the Hawks on Wednesday.
Source: IOL - 🏆 46. / 51 Read more »
Government's MAX condoms guaranteed safe: health departmentThe assurance came in a joint statement by the health department and the South African Bureau of Standards (SABS), and follows reports that condoms were being recycled and re-sold in Vietnam.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
Government's MAX condoms guaranteed safe: health departmentThe South African government has assured South Africans that government-issued condoms are safe to use Do people still use condoms out there?🤔Just curious Has Jacob Zuma tested them ? Did you staple them to the info sheet again?
Source: TimesLIVE - 🏆 28. / 59 Read more »