Sasol Calls Off Proposed $2 Billion Share Sale, Profit More Than Triples Bloomberg 2/22/2021 Paul Burkhardt (Bloomberg) -- Sasol Ltd., the South African chemicals and fuel maker, called off a potential $2 billion share sale and announced first-half profit more than tripled. The shares hit the highest in a year. Popular Searches The company has raised enough cash through asset disposals and cost savings to reduce debt and avoid a rights offer. “A decision was made not to pursue a rights issue given the current macroeconomic outlook, and the significant progress made on our response plan initiatives,” Sasol said in a statement Monday. “The balance sheet deleveraging pathway will continue to be prioritized to ensure that we operate within our financial covenants.”