Sasol Shareholders Press for Dividends Amid Profit Growth and Debt Reduction
1 report, 1 independent
Updated Nov 1
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What happened
Sasol shareholders expressed impatience over the lack of dividends, noting the company last paid a return in 2024. During the annual general meeting, shareholders pressed for a dividend, citing annual profits and executive salary increases. Sasol reported higher earnings of R38.31 per share for the year ended June 2026, while also cutting debt by 11% to $3.3bn.
From businessday.co.za
Why it matters
Despite improved income and debt reduction, the company is adhering to its dividend policy. The pressure from shareholders highlights governance concerns regarding the distribution of profits at the petrochemical giant.
From businessday.co.za