Sasol expects to realise $1bn from noncore asset disposals

Chemicals and energy group Sasol expects to realise more than $1-billion from the disposal of noncore assets in the coming few years. However, besides its Canadian shale-gas assets, which have been formally put up for sale, the group is yet to announce which other assets will be sold. Speaking at the group’s interim results presentation in Johannesburg, joint CEO Stephen Cornell reported that the process of identifying noncore assets was about 70% complete and that further announcements would be made during the course of the year.