Sasol allayed the fears of forced retrenchments in South Africa yesterday, as it rolled out its restructuring programme in which it has raised its target for cost cuts to at least R4 billion a year by 2016. Sasol was looking to southern Africa and North America for gas and chemicals growth opportunities and had set aside capital spending of R50 billion for 2015 and R65bn in 2016 as it progresses its growth strategy. Abdul Davids comments.
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