One South African company winning big from oil price shock

• Sasol has delivered investors an almost 120% dollar return this year, building on last year’s 45% gain and putting it on track for its best annual performance since at least 1991.
• The latest share rally is, of course, down to surging energy and chemicals prices amid the Iran conflict. Sasol derives the majority of its oil output from coal, using special coal-to-liquids technology, which reduces its reliance on Middle East crude. Synthetic fuel production at its Secunda facility is running at five-year highs.
• Further reductions may enable it to pay dividends for the first time in more than two years, management has said.