Sasol downgraded to Neutral from Buy at UBS

Group 1 - UBS downgraded Sasol (SSL) to Neutral from Buy with a price target of ZAR 15,500, up from ZAR 14,500 [1] - Sasol's 1H26 results indicate that the operational self-help strategy is progressing as planned, benefiting from fixed-cost discipline [1] - Management is focused on controllable levers, leading to more resilient underlying performance [1] Group 2 - Sasol's share price has increased approximately 140% from its 12-month lows [1] - The current oil price reflects the escalating conflict in the Middle East [1]