Currency

The strengthening of the South African rand against the US dollar between July 1 last year and June 30 this year, lopped a whopping R10,5-billion off JSE-listed Sasol’s operating profit. However, the group remains unconvinced that intervention by the monetary authorities would necessarily yield a more competitive unit.

Tagged as: cautions, Currency, meddling, Pain, R105bn, Sasol, Takes

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