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Sasol moves to cut jobs ahead of organisational shake-up

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The chemicals group is facing a rise in borrowing costs, but lenders have agreed to ease debt covenants

Sasol's headquarters in Rosebank, Johannesburg. Picture: FINANCIAL MAIL

“The redesign of the organisation to enable our sustainability at lower oil prices will have an impact on our workforce structure,” the group said. The group said it had also agreed a new debt framework with lenders, but is facing a rise in borrowing costs.

 

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