Sasol Share Price Reverses Lower After Briefly Topping R200
Sasol's share price has reversed lower after briefly surpassing R200 due to easing Middle East tensions and falling oil prices. Despite a strong operational performance in FY26, investor confidence remains fragile following a significant selloff in June.
The Public Investment Corporation has increased its stake in Sasol, signaling potential long-term confidence in the company's valuation. However, the recent drop in crude oil prices has removed some of the support that helped Sasol shares recover towards R200.
Sasol delivered a stronger operational performance during FY2026, meeting or exceeding market guidance across key production and sales metrics. The company is also continuing to advance several strategic projects aimed at improving its long-term position, including expanding its renewable energy programme and reducing its dependence on coal-based electricity.