South Africa’s Sasol Ltd. is outperforming many emerging-market peers after a strong run in global oil prices lifts the value of its oil-from-coal operations. Bloomberg reports that the company is among the top performers in emerging markets outside Asia, with analysts suggesting the rally may continue.
Both outlets tie the gains to the recent oil price upturn and the market’s focus on Sasol’s ability to convert coal into fuels. Moneyweb adds that Sasol delivers returns of nearly 120% in the current year, following a roughly 45% gain in the prior year. It also notes the stock is on track for its strongest annual performance in decades, with its best results since at least 1991.
While the sources differ mainly in emphasis—one focusing on relative ranking among emerging-market stocks and the other on specific return figures and historical context—they agree that Sasol’s share price performance is being driven by oil-from-coal expectations amid higher oil prices.
