Rand Swiss wealth specialist Viv Govender has named Sasol as his stock pick, saying high oil prices linked to the US-Iran war should keep helping the company. He made the pick in an interview with BusinessDayTV on 3 November 2026.
Sasol shares traded at R265.50 when Govender made his pick. According to Daily Investor, the price had fallen to R228.81 by Wednesday, 11 November.
“I think Sasol looks like a steal at the moment, and I don’t think this war is going to end tomorrow,” Govender said.
Govender said Sasol has gained from higher oil prices and the higher fuel prices that followed. He said fuel prices would likely stay above normal levels even after the war ends.
“If you look at the underlying market, even if the war were to end tomorrow, we would likely see petrol prices and diesel prices remain above normal levels for quite some time,” he said.
He pointed to problems with refineries and transport. He also said countries will need to rebuild their fuel and oil reserves.
Govender said petrol and diesel prices are expected to drop because of National Treasury’s temporary fuel levy relief. The relief runs from November 2026 to January 2027.
Petrol and diesel prices in South Africa rose to record highs after the war started. In November, petrol dropped slightly to between R29 and R30.24 per litre. Diesel sold for between R29.98 and R31.60 per litre.
Sasol turns coal and natural gas into liquid fuels and chemicals at its plants in Secunda and Sasolburg. It is listed on the JSE with a market value of R149.91 billion.
In its results for the year to June 2026, Sasol reported turnover of R272.12 billion. That was 9.24% higher than in the 2025 financial year.
Earnings rose by 87.13% to R14.46 billion. Basic earnings per share climbed 79.15% to R18.99, while adjusted EBITDA rose 17% to R61 billion.
Sasol said the results came from management actions and better economic conditions in the last quarter of its financial year. It said the average Brent crude oil price rose by 7% over the year. Its refining margins more than doubled as a result.
Oil prices have climbed further since June. According to Daily Investor, Brent crude stood at $92.62 a barrel, up from $73 at the end of June.
Sasol trades at a price-to-earnings ratio of 12.2. On 11 November 2026, its share price was up 119.32% for the year, despite a fall of 9.69% over the past month.
Source: this article is based on reporting by Daily Investor. Image: Daily Investor. Written with the help of AI and published by the Tzaneen Voice Business desk. See our Editorial Standards.
Anelisa Nkuna covers business and money news for Tzaneen Voice. Anelisa reports on the rand, fuel prices, interest rates, jobs, Eskom, Transnet, farming and company results. The aim is simple: explain what the numbers mean for household budgets, small businesses and workers in South Africa.