|Bid||8.52 x 1800|
|Ask||8.59 x 1400|
|Day's Range||8.51 - 8.87|
|52 Week Range||1.25 - 22.73|
|Beta (5Y Monthly)||2.30|
|PE Ratio (TTM)||8.19|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 14, 2019|
|1y Target Est||8.90|
Dubai, November 26, 2020 -- Moody's Investors Service ("Moody's") has today taken rating actions on 12 South African corporates. The rating actions follow Moody's decision on 20 November to downgrade South Africa's government issuer rating to Ba2 from Ba1 while maintaining a negative outlook. Details of the South Africa sovereign rating action can be found here: Moody's downgrades South Africa's ratings to Ba2, maintains negative outlook; https://www.moodys.com/research/--PR_436182.
Shares of Sasol (NYSE: SSL) had surged more than 11% by 1:45 p.m. EST on Tuesday. Fueling the energy and chemical company's stock was the sale of its stake in Gemini HDPE. Sasol's North American chemicals subsidiary has agreed to sell its 50% membership interest in Gemini HPDE to INEOS, a leading global chemical producer.
The board of directors of Sasol is pleased to announce that Sasol Chemicals North America LLC ("SCNA"), a wholly owned subsidiary of Sasol, has agreed principle terms with INEOS Gemini HDPE Holding Company LLC ("INEOS") and a new entity to be formed by INEOS ("Newco") to sell its 50% membership interest in Gemini HDPE LLC ("Gemini"") to Newco (the "Sale") for USD404 million (subject to adjustment for cash, debt, working capital and other items). Gemini produces and sells bimodal high-density polyethylene based in La Porte, Texas, United States of America.