Sasol pulls out all the stops to comply with JSE directive
JOHANNESBURG – Petrochemical
giant Sasol is pulling out all the stops to ensure that it complies with a directive from the JSE to publish its results by next Monday failing which its trading could be suspended from the bourse.
giant Sasol is pulling out all the stops to ensure that it complies with a directive from the JSE to publish its results by next Monday failing which its trading could be suspended from the bourse.
Sasol has already delayed the release of the financials twice in one month, leading to fears that the JSE may annotate its listing and push for its possible removal from the continent’s biggest stock exchange.
The group cited the completion of an investigation into possible internal control weaknesses identified during the independent review of the Lake Charles Chemicals Project, in Louisiana in the US as a reason.
Source: iol.co.za