Sasol’s earnings have fallen by 99%, a number that sounds catastrophic at first glance.
In this episode of Number of the Day, Francis Herd and Aakash Bramdeo break down what that figure actually reflects, why South Africa focuses on headline earnings per share, and how massive impairments at the Secunda plant are driving the shock result.
The discussion also explores the uncomfortable truth behind a strong rand and falling oil prices: while motorists benefit, export-heavy companies like Sasol earn fewer rands for every dollar they make. The episode looks at the future of coal-based fuel, the pressure from global green energy transitions, and why Sasol’s story matters far beyond its share price.
Catch up on all the Number of the Day episodes here: https://www.enca.com/number-day-podcast
