Petroleum Africa
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Tuesday, February 27, 2018
Sasol is looking to sell off about $1 billion in assets across its entire portfolio. The company is looking to retain only those assets that generate the highest returns on investment, according to Bongnai Nqwababa at its results presentation.
“We will retain or fix those assets that will increase our returns while exiting those that are not in line with our strategy and have lower than desired returns,” said Nqwababa, who is joint president and CEO of the company.
The firm said it would look at all its assets, including those in South Africa, Europe and North America, and evaluate them based on trading environment, potential return generation and whether they fit Sasol’s strategy.
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