Johannesburg - Sasol [JSE:SOL], the world’s biggest maker of
fuel from coal, tops the gainers’ list on South Africa’s blue-chip index,
rising nearly 2% on the price of crude oil.
South Africa-based Sasol, which produces fuel cheaper than
competitors but sells at the same regulated price, is up 1.8% at R346.38.
Brent crude climbed above $98 per barrel on Tuesday as
escalating tensions between Iran and the West offset concerns that gloomy
manufacturing data from China, the United States and Europe will hurt oil
demand.