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Sasol earnings plunge

The first-half earnings attributable to the shareholders of South Africa’s fuel-from-coal producer Sasol plunged 63% to R7.3-billion in the six months to December 31, from R19.5-billion in the prior period.

Headline earnings a share of the company headed by outgoing CEO David Constable fell 24% to R24.28 and earnings a share to R11.97, compared with the prior period.