Sasol on ‘rollercoaster’ ride to a green future

Fleetwood Grobler describes his last 23 months as Sasol chief executive as “a rollercoaster”. One only has to look at the petrochemical giant’s share price — which plummeted even further from a 10-year low amid the 2020 oil price crash — to know that this is true. 

When Grobler took office in late 2019, he was saddled with the challenge of squaring away the United States Lake Charles chemicals project. Prior to his tenure, Sasol shareholders had their holdings shrink by 90% as the company grappled with increasing debt levels while completing the project.

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Sarah Smit
Sarah Smit
Sarah Smit is a general news reporter at the Mail & Guardian. She covers topics relating to labour, corruption and the law.

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