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Sasol dividend fades as oil falls
2015-01-20 09:49:52| Chemicals - Topix.net
Dividend payouts from Sasol, the largest global producer of motor fuel from coal, will be under threat from next year should oil continue its retreat, according to Nedbank Capital. While the Johannesburg-based company would make payouts this year, the more than halving in the price of Brent since the end of June was cutting prospects beyond 2015, said Mohamed Kharva, a research analyst at the Nedbank Group unit, who has a buy recommendation on the stock.
Tags: oil
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Category:Chemicals