- Sasol (SSL +2.9%) is solidly higher after saying it expects to report headline earnings growth of 12%-29%, or R2.12-R5.12/share, during the six months ending Dec. 31, underpinned by higher Brent crude oil and product prices, and a weaker average rand exchange rate.
- SSL also forecasts an 80%-100% increase in net income during the current six-month period, equal to R9.03-R11.29/share.
- "Our underlying cash flow performance and earnings are expected to be much stronger than the period ended December 31 2017," SSL says, adding that a "satisfactory performance of its global assets" also lifted earnings.