Globally shares are deep in correction territory, offering patient investors opportunities to deliver returns in tough market. 

Sasol has corrected almost 30% from its September high to below R420 on a weaker oil price and weak global sentiment. The R400 support level should be the bottom ahead of a move higher. 

Last week Sasol released a positive trading update for the interim period to 31 December signalling HEPS increasing between 12% and 29%. And EBITDA to increase between 10% and 30%.  


With Lake Charles nearing completion after $9.8 billion of the $11.13 billion CAPEX, earnings should start to benefit from the 1.5mtpa ethane cracker and 6 downstream chemical units. It’s expected to contribute between $250m and $300m to EBITDA in full year 2019. 

Investors who accumulate below R420 will be rewarded as the share pushes back to the R500 level. 

Buy SOL below R420.00 with a longer-term target of R580.00 


The week ahead: 


Other Economic data releases of interest… 



 Short Term Ideas 


Long Term Ideas