Sasol drops after declaring force majeure for certain products

Sasol

20/10/2022 15:27

** U.S.-listed shares of South African petrochemical firm
Sasol Ltd  SOLJ.J   SSL.N  fall as much as 9.45% to $15.61 - the
lowest in 10 months
    ** Sasol declares force majeure on the supply and export of
certain products because of a strike at state-owned logistics
firm Transnet 
    ** Company says it was not yet able to quantify the impact
on its South African value chains as the extent and timing to
clear the backlogs across the port and rail system remain
uncertain
    ** Stock last down 4.8%
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))