Nedbank analysts downgraded shares and Citigroup warned against over-capitalizing Sasol's Secunda operations.

The entities involved

• Nedbank →

  financial services group located in Africa

  • Nedbank is a financial services group in South Africa, while a court ruling affects the FIC Act, and Survé's investment group is based in Cape Town.Fri 09:44
• Sasol →

  South African energy and chemical company

  • Sasol operates in South Africa, contributing to the national energy mix via its Secunda plant, which is currently the subject of study by researchers from the University of Cape Town.Fri 12:49
  • Institutional investors are holding positions regarding Sasol's operations in the city of Secunda.Fri 12:49
• Citigroup →

  American investment bank and financial services corporation

  • Citigroup provided analyst ratings and targets for Autodesk stock, which trades on Nasdaq.Mon 11:05
  • Citigroup and Jefferies Financial Group downgraded the stock rating for Yara International on June 26, 2026.Mon 10:14

Related events

• Rating downgrades are underway for major financial institutions, including Citigroup, Morgan Stanley, Goldman Sachs, and Bank of America.Jun 30
• Jefferies downgraded a company to hold rating, while Citigroup reaffirmed neutral and Morgan Stanley reiterated overweight ratings on shares.Fri 07:19