Why did Sasol withhold dividend distributions this year despite robust operational earnings?
Replied bySimon Baloyi
President & CEO at Sasol
Niche: Production
Revenue: Approx. USD 1.2 Billion/month
Location: Johannesburg, Gauteng, South Africa
Started: 1950
Our foremost strategic imperative is strengthening the corporate balance sheet by reducing net debt below three billion USD. Over the past financial cycle, we lowered net debt from 3.7 billion USD to under 3.3 billion USD. We have committed to our shareholders that once we achieve and sustainably maintain debt below the three billion USD threshold, dividend distributions will resume.
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