SacOil warns on profit fall

South African player SacOil has warned that it expects its earnings to drop in the first half of the year due to the suspension of interest payments from a loan extended to one of its partners in Nigeria and project delays in the Democratic Republic of Congo.

Profits drop: SacOil hit by outstanding loans payments and civil unrest in DRC
Profits drop: SacOil hit by outstanding loans payments and civil unrest in DRC
Published 11 November 2015, 10:00Updated 17 October 2016, 12:40
Africa