Browsing: Sasol

Sasol Stable but not out of the woods

Sasol's results presentation in February was an awkward affair. The session was pre-recorded and then aired on the company's website.

It was not interactive. When the recording ended so did the webcast. Other corporate interactions and results announcements are usually interactive. The top executives of a company will meet in person with a group of individuals and the rest tune in online.

At the end of the session, the group of people in attendance are given the opportunity to speak to the executives of the company asking them questions and commenting on the financial results being presented. This was not the case with Sasol. But then again Sasol is not your typical company...

It left an impression that the top brass at the giant South African petrochemicals company does not like to take questions from stakeholders and analysts... Given that the company has just come out of severe financial distress…