The Court Ruled In Favor Of Sasol Oil And Totalenergies, Awarding Sasol Oil R3.89B In Damages Plus Approximately R2.3B In Interest
Portfolio Pulse from Benzinga Newsdesk
The court ruled in favor of Sasol Oil and TotalEnergies, awarding Sasol Oil R3.89 billion in damages plus approximately R2.3 billion in interest due to Transnet's breach of pipeline tariff agreements. The litigation has been ongoing since 2017.
June 20, 2024 | 10:39 am
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Sasol Oil has been awarded R3.89 billion in damages plus R2.3 billion in interest due to Transnet's breach of pipeline tariff agreements. This legal victory is likely to positively impact Sasol's financials in the short term.
The court ruling in favor of Sasol Oil results in a significant financial gain, which is likely to positively impact the company's short-term financial performance and stock price.
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