BETWEEN October and December 2024, two of the largest asset managers in South Africa sharply reduced their holdings of Sasol shares, with one selling out almost entirely.
Together, Coronation and Stanlib disposed of a total of R9 billion in Sasol stock across the three months.
This selling pressure would’ve no doubt been a major driver of the clear and sustained weakness in Sasol’s share price since October, when it declined from the R100 level to R80. – moneyweb.co.za