FUEL-from-coal company Sasol Ltd has bought back six percent of its shares for R1.7bn as part of its strategy to restructure its balance sheet. Sasol said a wholly-owned subsidiary had repurchased the shares over a four-month period. ”The share repurchase will result in revised gearing, a lower weighted average cost of capital and improved earnings per share and return of equity,” it said. Sasol has authority to buy back up to 60.7m shares representing 10% of its issued share capital. – Reuters