The Lake Charles Chemicals Project, which will have seven production units that deliver various chemicals including a plastics variant called polyethylene, will cost up to R190 billion, almost double the original budgeted amount.

The delays in the project’s technical problems have wreaked havoc on Sasol’s share price - the company lost just under 50% of its value over the past year.

An independent investigation into the project found inappropriate conduct and incompetence in the project management team – the company will take disciplinary action against the executive team previously in charge of the Lake Charles Chemicals Project.

Moneyweb