How is Sasol benefiting financially from the Iran war, and what specific earnings figure did it report for the year ended June 30?

Sasol is benefiting financially from the Iran war through surging fuel prices, which have pushed oil above $100 a barrel while its breakeven level remains at $50, enabling healthy profits. The company reported expected earnings before interest, taxes, depreciation and amortization (EBITDA) of as much as 62 billion rand ($3.8 billion) for the year ended June 30 — up from 52 billion rand in the prior year.

What role does Sasol play in South Africa’s energy security amid regional supply disruptions, and how has its domestic refining capacity position changed?

Sasol plays a 'very key and meaningful role' in South Africa’s national energy security by ramping up coal-to-liquids and crude-refining output to offset fuel import shortfalls caused by Middle East supply bottlenecks — particularly vessels stuck in the Strait of Hormuz and reduced US oil product imports. With South Africa’s refining sector having shrunk by about half due to underinvestment and accidents, Sasol now holds nearly two-thirds of the country’s operational fuel-making capacity, including full control of the 108,000-barrel-a-day Natref refinery after Prax Group’s exit.

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Sasol reported record earnings driven by soaring fuel prices, leveraging coal-to-liquids capacity to bolster South Africa's energy security. Facing environmental scrutiny, the company plans renewable expansion and a potential chemical business listing by 2028.

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