Sasol changes dividend policy as oil prices drop

As part of a cash saving programme.

South Africa’s petrochemicals group Sasol has changed its dividend policy as part of a cash saving programme in response to lower oil prices, it said on Wednesday.

“In the context of a low oil price environment, the group’s earnings will be negatively impacted. The current macroeconomic conditions have therefore necessitated a reassessment of the company’s progressive dividend policy,” Sasol said in a statement.

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